While the city councilors did a lot of whining last night, all 8 of them voted for this deal;
The Sioux Falls City Council voted to discontinue parking at a downtown surface lot, as well as declare it surplus property — the first steps in a plan that could add a four-story building and 150 apartments to downtown Sioux Falls.
The pair of 8-0 votes were taken in relation to a 0.5 acre surface parking lot at 400 S. 1st Ave., one of two lots that have been up for sale since September 2020.
The project is not final, with Powers noting the resolutions passed by the council would enable the city to enter into negotiations on the sale of the lot, which was appraised last year at $502,000.
In an informational meeting earlier this year, Soehl had said he didn’t believe the lot could legally be declared surplus, and called the system of informing the council about submitted proposals “inadequate.”
Basically, as I predicted on Sunday (item #47), a backroom deal was concocted with the developer, which seems to be an odd coincidence considering Mayor TenHaken’s Chief of Shaft, Erica Beck, was a former executive with the company and the developer has continued to receive tax incentives, TIFs, land discounts and other goodies from this administration and council.
Just look at the appraisal price. It is laughable considering that an unblighted lot, on prime downtown property with plenty of access to sewer, water, gas and electrical would only be worth $500K. That lot should go for at least 4 times that amount. I would be curious who appraised this lot and how many appraisals were done? Good luck with that request.
While the City Council wrings their hands about how this deal is being done, they voted for it and refuse to remedy the issue. Oh that’s right, because most of their butts are owned by the banksters, bondsters and developers in town, and they know it. This also should NOT have been voted on as a resolution as ‘surplus’ after a deal was already done with a developer without a proper RFP process. The lot should have been voted on as surplus before ANY developer put in a bid. A little game of the cart before the horse. There should have also been a recommendation to only allow workforce housing be sold at the location. Instead, it appears these will be higher rents. The inept council has had ZERO control of this process from the beginning, but golly gee they sure let the city staff have it by voting 8-0 to approve 🙁
The WAR on transparency and open government continues and the rubberstamp council just plays along while ‘pretending’ they are concerned.