The the Sioux Falls City council got a presentation (FF: 33:0o) update on the Village on the River project at the informational meeting.
When talking about the costs associated with the parking ramp portion of the project, the city engineers(?) admitted that they had to put in a special foundation to support the ramp and hotel.
As we have argued from the beginning the ramp is costing more, not because of the number of spaces or size of spaces but because we would be footing the bill for the special foundation for the hotel.
Councilor Neitzert claimed that some people (I assume other councilors, blogs and the media) had ‘moronic’ & ‘dishonest’ arguments about cost per space and that it is costing more because of the special foundation.
Costs DOC:Â Site-costs
If there was anything ‘moronic’ about our arguments, it would be that Greg and the other councilors who voted for this boondoggle fiasco of a public private partnership didn’t listen to us when we told them the foundation was going to cost more due to the height and size of the hotel, not the parking ramp.
So who are the morons? Certainly not the councilors who voted against this project. They knew all along why it was going to cost so much, because the developer took us to the cleaners.
Also, councilor Brekke asks why the developer for hotel portion doesn’t have a performance bond. Funny, the administration didn’t have an answer.