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Old Posted May 31, 2018, 4:44 PM
eschaton eschaton is offline
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Join Date: Dec 2013
Posts: 2,268
Originally Posted by pj3000 View Post
Yeah, this is ridiculous and should become a textbook case of how NOT to do development. The Davis Cos are not amateurs by a long shot, but the CT certainly is coming off as just that once again... screwing up the deal for everyone with a completely unrealistic position. Haven't we been here before?

Unless the CT puts in some significant amount of their money to buy the garage parcel and seed the development or back off completely, I can't imagine we're going to see anything on this parcel for a while.
What I'm most worried about is this might have been the Cultural Trust's intent all along. Get the city to demo the parking garage for you, buy the vacant land through a no-bid process, slap on a surface parking lot, and continue the land-banking indefinitely.
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