Quote:
Originally Posted by Feathered Friend
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What sort of arrangement are typical between the Co-op and the developer in such cases? The Co-op is a legal entity, right? So do they sell the property to the developer, who takes the financial risk to build, then repays the purchase price over decades with income from the two rental towers? Do they then sell back the co-op tower to the co-op entity at the same (pro-rated) price they bought it for?
Or does the co-op lead all aspects of the development, but hires the developer as a contractor, thereby taking the financial risk themselves and keeping all the profit?
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