[phesto]

So let's see, the City puts out an RFP and gets only one response. The winning group, which incidentally is an experienced developer that knows the New Westminster market very well, decides after spending a considerable amount of time and money on it, that the office tower isn't viable, even with the City sharing the risk. So the logical thing for the City to do would be to take all of the risk and push it forward themselves? Lol.

I'll just say I'm glad I don't live in New West. I know a lot of the office tower fanboys on here love spec development, but how many of you would put your own money in this project?