City may lose money in selling Downtown buildings Since 1999, the city's Urban Redevelopment Authority has spent nearly $14 million buying properties Downtown in hopes of enticing a developer to remake the Fifth and Forbes corridor."May have been right" is the understatement of the decade.
All the while, critics said the city was paying too much.
Now that the URA is working to finalize an agreement with Washington County developer Millcraft Industries and partner Ira Morgan to redevelop the 19 city-owned buildings, it appears the critics may have been right.
Back in 2000 we KNEW the city was going to loose it financially. Then came the overlords.
In 2002 we KNEW the city was going to fumble the ball on its REC Centers and Swim Pools -- and put them to the test for the installing free mini-computer labs in eight sites -- and the city proved us right again.
We knew we were right on city wide wi-fi -- which won't come nor happen by the All-Star Game.
We knew we were right with Lazarus dealings.
We knew we were right about the continual population loss. People are still voting with their feet.
We knew we were right about the Pay Raise.
We nay-sayers are able to think again.
The deal that is most advantageous to the city is to REPLACE -- then REFORM. We're not getting anything that is splendid from the big-picture when looking at what's still in the pipeline from these folks.