Quote:
Originally Posted by RC14
I imagine a developer of that size is dealing with constant lawsuits all the time.
This is literally called "Skyscraperpage"
That being said, I do care about corruption and the theater should not have been sold for $0. It should have been auctioned off to the highest bidder and if someone wanted to preserve it and had the resources to do so they could have bought it.
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Well, Hines is a massive international real estate company. I personally know that the CEO in Texas is well aware of every aspect of this corrupt deal they've been engaged in here in Salt Lake. If this deal is any indication of their larger ethical standards, then yes, I do imagine they get sued often for collusion, fraud, and anti-democratic business practices. Makes me curious of every deal they are doing across the country.
"Salt Lake City" Skyscraperpage. I do hope you all here care more about the well-being of our entire city more than any one development deal. A mayor illegally giving $20 million dollars of historic public property to a company that manages $160 billion in global real estate in a backroom $0 deal is bad news for every single resident in our great city.
"That being said, I do care about corruption and the theater should not have been sold for $0. It should have been auctioned off to the highest bidder and if someone wanted to preserve it and had the resources to do so they could have bought it."
This is all the Pantages crew has ever wanted! I first made an offer of $500,000 to buy the theater, then we upped it to $2,000,000. I had investors that would give us $10,000,000 but I needed access to the theater to finalize a business plan and get our experts in. The city would never let us in.
If the deal had been a normal RFP process, we would have bought the theater and be restoring it right now. I was about to meet with the Eccles when it was destroyed.