Quote:
Originally Posted by Cappy
The fieldhouse, while wanted, doesn't have funding and won't anytime soon.
The City never intended the fieldhouse to be downtown on some of the most desirable land in the city (selling that plot could probably fund the fieldhouse) and have noted that specs have been done for a field house but not downtown.
Downtown is not the best or most economical place to put a fieldhouse.
|
The plot has negative value. No private investor in their right mind will consider touching the West Village lands due to the assumption of liability.
The fact that there isn't a larger scandal around the City paying $37 million (which is near market for an uncontaminated site) for the GSL lands last year amazes me. The purchase was approved in an in camera council session without having any idea regarding the extent of the potential environmental liability being assumed.