This will make things interesting around mid-March...
Puget Sound Business Journal (Seattle) - 9:36 AM PST Wednesday
Monorail puts real estate up for bid
The 34 pieces of real estate purchased for the ill-fated Seattle Monorail Project have been put up for sale.
The properties -- which cost SMP more than $62 million and an additional $10 million in assorted fees related to the acquistions -- can be viewed at www.monorailproperty.com
and will be marketed by GVA Kidder Mathews of Seattle.
Bidding on the real estate begins Wednesday and ends March 17. SMP officials said the goal is to have all sales completed and money received by the end of June.
"Our priority is to pay off debt and relieve our taxpayers of their motor vehicle taxes as soon as possible," said Beth Goldberg, SMP board chair, in a statement.
According to SMP officials, previous owners of the properties won't get any priority in the bidding process. Bids will be evaluated based on price, terms and compliance to the bidding process, SMP said, and a second round of bidding could occur.