Quote:
Originally Posted by Larry King
I agree but also have to factor in how likely things get built. The last thing we need is to hand this to a developer that spends 20 years trying and failing to build something. Their track record matters.
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Agreed. It almost seems that the City through it's agencies that are suppose to be guiding development along the river haven't learned from their past failures. Why pick any one plan if that plan is dependent on all sorts of possibilities that are big time maybe's, such as the Sixer's getting a State tax funding model that has only been used once before.
Why not allow all the plans to move forward at their own pace and if one of them gets to the point of having financing or some other benchmark that shows they are ready to proceed, then give that plan a small window, 6 months?, to move their concept to the next benchmark.
No more of this waiting 2 years for a hard plan to be developed, followed by another 2 years to test the waters to see if that plan is possible, only to come back and claim they were overly optimistic and now the plan needs to be scaled back. If a Target store (or whatever) looks like it makes sense to be in that location, more then one developer can show plans with room for a big box store. Its hardly a secret what the requirements for that are. Likewise with a hotel; at this point in the game it doesn't cost anything to claim you want to include one, the details and needs between brand X and brand Y aren't very great.
If DVPA or whoever is in charge do continue as planed and pick one developer, I hope they only give them a short time frame, say 18 months, to document how they plan to proceed rapidly and back that up with some kind of performance bond.