Quote:
Originally Posted by Locke
Absolutely. So let me boil this down:
The CSEC does not want to own the building. Period. Full Stop.
But, if the City expects the ticket tax to be repaid and then expects the CSEC to repay the City's other third then the City gets a building for free, or more accurately for the cost of assuming the risk, the financing and the depreciation.
Thats not fair either.
It seems to me that there are details that I'm unaware of. Or this is just a catastrophically bad negotiating process.
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This... This for sure. I think that CSEC wants someone new to negotiate with. And that's why the news broke almost exactly a month before the election.
Also, part of the equation that is getting glossed over, as far as the City's contribution, is the land. There is value there. Are they donating the land? Or do they hold the land title? Ask the folks in redwood meadow how awesome it is to own a building you can't move on land you don't own.