Okay, I get it. The actual cost of the parking ramp is around $14 million. But here is where it gets sticky, We are covering $6 million in ‘soft costs’ that should be shared or totally the developers responsibility.
That has been my ASSUMPTION all along. I never thought the ramp itself would cost too much, I just felt we were subsidizing the developer’s project which the city announced tonight. BUT WHY?
But the real zinger tonight was the announcement of the four guarantors that will be signing this contract; Larry Canfield, Paul Cink, Norm Drake and Aaron Hultgren.
Yes, Hultgren. The same person who’s construction company was fined thousands of dollars by OSHA (and still pending) for the safety violations due to the collapse of Copper Lounge. Why would the city sign a contract with this person? Seriously?
1st reading passed tonight 5-1 (Stehly NO, Rolfing and Erickson absent)
Our city council has gone stark raving mad.