Sunday, June 11, 2006

City, developer eye single appraiser for Fifth and Forbes project

So much for the concept of two heads are better than one. Same too for bio-diversity. We're not getting stuck with big-plans from single sources that block the marketplace. This is what failed us in the past and what Tom Murphy was known for. Now we've got it again.
City, developer eye single appraiser for Fifth and Forbes project The value of 19 city-owned properties Downtown, to be sold to a Washington County developer as part of its plans for the Fifth and Forbes corridor, could be decided with the help of a single appraiser.

The city's Urban Redevelopment Authority and Millcraft Industries Inc. are considering the use of a mutually-agreed-upon appraiser to help set the fair market value of the parcels the URA has paid $13.8 million for over the last seven years.

The appraisal process likely will be part of a pending agreement between the URA and Millcraft to give the developer exclusive rights to the properties for at least a year, with options to extend those rights beyond that point.
This is a pet payoff.

All the king's horses and all the king's men won't fix Pittsburgh again -- just like they failed at Humpty Dumpty.

No comments: