I agree. It seems that council has been so desperate to get something built as a legacy project, they will bend over backwards to accommodate Lake Placid. It's disgusting when they will consider breaking their own rules just to push a risky project through.
Meridian has a proven track record of planning and
finishing developments that are appropriate for the market they're in. I can understand why Ken Achs is uninterested in pursuing any work in River Landing, given council's hell-bent determination to have a showpiece building, no matter the cost.
I hope this kind of attitude doesn't discourage Meridian from doing more good work in the future. Looks like they're committed to the U of S residences, thankfully.
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Originally Posted by lbird
The voice of reason. Lake Placid has shown themselves to be about as credible as Bernie Madoff. After that Cyprus financing bullshit, the city should have run away at the speed of light. If I was a private investor looking at Lake Placid's history of lies and failures, I would *never* give them my money, and neither should the city, which would be on the hook for hundreds of millions if the River Landing deal fell apart like so many big projects have in North America over the last few years.
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