Yeah, I know, Mr. Conspiracy theory here, and who can we believe? But this is an interesting change of events;
The group said it had proposed changes to the project to the city, but then it stopped receiving any notices or responses from the city, which the developer also alleges canceled meetings before alerting it that it was terminating the deal, which would have co-mingled public and private money to see two hotels, restaurants and retail space built around a parking garage at 110 S. Mall Avenue.
So the city council now is on ‘silent mode’. The city refused to negotiate the deal and late last night, TJ TypeOver sends out a press release saying they are looking for someone to complete the project.
When the performance bond payment didn’t come in, do you think the city got a little nervous and did some ‘shopping around’?
It will be interesting to see how fast another developer swoops in, and who it is. Information lockdown usually means things are going on in the backroom. At this point I can’t even speculate who would want to take it over, but we have our guesses 🙂 Heck, I wouldn’t even be surprised if one of healthcare monsters builds a hospital on top of the parking ramp.
It will be fun to watch as the administration and the rubber stampers talk about how they ‘saved’ the doomed project while the rest of us roll our eyes.