Quote:
Originally Posted by buzzg
Also, does the city really need to "sell" the land to The Forks (at least at full price), an organization which they own 33% of – and is going to start generating them a lot more tax revenue. The Forks already maintains all the roads (except Pioneer) and sidewalks surrounding Parcel 4, for "free"
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I would think they
do have to sell the land, even if it's a formality. When all the legal requirements are not followed, it potentially opens the doors to someone with their own agenda coming around later making waves about how the process was "fixed".
I also noticed in the article posted that the city was ready to sell the land to The Forks twice but the Corporation wasn't ready to buy until now. I hope people notice this, as I suspect there is the potential for some city council bashing over how they are "messing things up".
I personally like the idea of some residential in the area. I don't think it will negatively affect the market and other public amenities b/c there's nothing else like it in the city. As long as the future residents don't start complaining about all the "tourist traffic"!