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By Tammany (anonymous) | Posted September 25, 2009 at 13:18:09
The loss of the $700,000 is reprehensible. The City should have made subordination of the other loans a prerequisite to advance of the funds. In American cities, tax payer groups sue city bureaucrats over negligence like this. Just shameful.
And again, council held another in camera session. This is getting ridiculous. Is it not possible for them to debate anything of any importance to this city in open view of the public?
All that being said, I am actually extremely pleased, and somewhat surprised, that the project seems to have gotten back on track so quickly.
I hope Canlight gets their act together this time. The Pigott conversion was really quite poorly done. The fact that they are changing the name (Trinity Landing? WTF?) is a good sign though. The Trinity Landing project was amateurish from the start and never should have qualified for City funding.
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