Quote:
Originally Posted by Tinordi
Stupid me for thinking that people are using a word by its meaning.
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That land is going to cost $500M to clean up. Should the city spend that money and then sell it the land at a huge loss? Or should the city just leave it how it is? Because no developer of any kind is going to come in and clean it up, and then develop. The economics don't work.
It actually makes a lot of sense to strike a deal with a pro sports team in this case due to the land remediation costs. If they don't make a deal for an arena, they'll have to make a deal down the road with another type of developer.
It's not nearly as black and white as you make it out to be.