Quote:
Originally Posted by The Unknown Poster
My understanding is that SOD was actively searching for a development partner and found none and with no sense they would be able to, they asked to be released from their obligation.
CV had no one interested until True North stepped forward. CV was under no mandate to say "hey, thank you Mark. But now we're going to leverage your interest and see if anyone else will make a better offer". No one was interested except True North. CV signed a contract. Bowman knew this. He lied. end of story.
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The issue is much bigger. Stuart Olson Dominion (SOD), according to reports, was given direction to find a mid to high end hotel offering "reward points" to be part of the convention centre development. Their search was not able to find any interested party that fit
within the guidelines they had been given.
With privileged information that SOD was looking to be released from that portion of the contract Chipman came forward with his own proposal which may or may not meet the terms SOD was given. The public, and even city council, cannot find out if the True North proposal meets the SOD restrictions as the new deal is cloaked in secrecy by a confidentiality agreement. This second agreement, which could have significantly less limiting requirements, was put in place before a survey could be done if there were any other parties interested in a deal with fewer restrictions.
There is then the side of issue where a public agency (CentreVenture) was used to acquire a business potentially with the intent of giving it to Chipman for his development.
It is possible CV said the buyout was part of a government plan for the area and hinted that expropriation could happen if an agreement was reached. This sale cost was likely lower than if Chipman came calling even without showing his hand on what the plans for the site were.
Then there is the issue of CV governance in itself. CV has an executive director who reports to the board. That board in turn reports to council who created it. To sign a deal without a public proposal process first is a major protocol breech. To then turn around and tell the people you report to (council) that they are not allowed to access information CV has is really losing sight of their mandate. Council could easily call a special meeting and pass a motion that dissolves CV.
As for a video, taken out of a larger context it is not truly indicative of anything. Anyone with some skill and time could make a similar video of a different vision for the land in question. That doesn't mean there is an agreement in place to transfer ownership of the site. Granted someone like True North is not likely to make that video without reason but it isn't impossible.
Overall, I am surprised this has blown up like it has publicly as my perception is these type of disagreements have happened before behind closed doors and out of the media eyes with different parties involved. That things went from relatively friendly in November (how many people get invited to Chipman's office after attending a Jets game?) to this public feud is a little surprising.