My understanding is that the city is loaning a million dollars to be at the table with these developers. The point being that for a million bucks you ensure that the neighborhood's interests are a part of at least one groups bid. I don't see how this will raise the price unless you assume that someone who borrows a million dollars would feel free to throw it away, or give it to the current owner. All the city has done here is told one developer that if you agree to certain conditions we will loan you a million dollars to make the project work and we won't bid against you. This doesn't guarantee that they win the bid, nor does it mean that if someone else wins the city wouldn't work with them. It just makes sure that the neighborhood knows there is at least one group bidding that wants to do housing and will save some of the historic features.
Just My Opinion Not Those Of My Employers Past Present Or Future Chuck Repke W 7th _____________________________________________ To Join: St. Paul Issues Forum Rules Discussion Email: [EMAIL PROTECTED] ____________________________________________ NEW ADDRESS FOR LIST: [email protected] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/
