Quote:
Originally Posted by someone123
The weedy United Gulf lot is going to look more and more out of place. The city should probably have bought it back and auctioned it off to a new developer.
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I also strongly agree.
United Gulf have now been sitting on this lot for almost two years, since their unrealistic Skye Tower bid was rejected. They also let the Twisted Sister DA expire. They're never going to do anything on this lot.
The City, once again, stupidly selected their inferior bid just because they offered more money for the lot, despite superior bids from far more experienced and reputable developers (Lawen, Southwest for example), at only a slight discount on price offered.
They should buy it back. Bousquet covered the original buy back clause in this piece a few years back. Still holds up:
http://www.thecoast.ca/RealityBites/arch...er-5-million-to-buy-a-gravel-parking-lot
This is a lot like the Imagine Bloomfield disaster. Another tendering process the City completely ruined, by selected a winning bid primarily based on financial considerations (ignoring other, IMHO, more important factors, like design, creativity, consultation etc).
We've already lost literally a decade with the Texpark site. Had the City been smart and responsible when it selected a bidder in 2004, we likely would have had a great development here by now-- or at least one would be in progress.