The city council pulled the funding for a DT parking ramp last year, yet the city administration and mayor decided to announce their ‘pick’. And as far as I know, the council hasn’t even been let in on who has been chosen, not even in executive session (how is that for transparency) let alone no funding approval.
But it gets even more complicated. Three companies submitted bids;
After soliciting potential partners through what’s called a request for qualifications in May 2016, the city received three submittals — all from developers with local ties.
Legacy Development in 2015 started a $12 million, 82-unit downtown loft complex. Called “Third Avenue Lofts,†the four-story housing complex at 13th Street north of Sunshine Foods benefited from $1.5 million worth of tax increment financing to see the project through.  It also owns the property abutting the parking ramp site to the east where a building collapsed in December, killing a construction worker.
Lloyd Companies in recent years has added more than 100 residential units to the downtown neighborhood with Phillips Avenue Lofts, the Uptown Exchange Lofts and Good Samaritan’s City Centre lofts.
Trans Atlantics was established in 2008 and has another office in Ethiopia. It specializes in partnering with other business, organizations and governments on real estate, manufacturing, agriculture, trading and technology projects.
Lloyd has already said they were not picked, so it is between the other two. Also remember, Legacy was involved with business partners in Hultgren Construction, which has a pending investigation against them. Would the city be foolish enough to pick them with this investigation that is ongoing? The press conference ought to be a real sh*t show.