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By Sage (anonymous) | Posted June 26, 2008 at 16:46:53
Again, you miss the point. If you read Dreschel's column on Monday, he points out that Mancinelli had agreed to the $1M. It was the condition of size, which would trigger the penalty, he objected to. I believe the city wanted a footprint large enough to generate $600T in annual asssessment. Mancinelli proposed a footprint that would bring in $185T.
How silly for the city to say no. The money for the building didn't change, what changed was the speed of the payback: $185T Vs. $600T. With the lower number we would have had a restored Lister and money coming in. Now? Nothing! Fred was right on this one.
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