Here are the development agreements the city signed with the Harrison Square developers. Read them for yourself and let me know what you think.
Agreements with Hardball regarding stadium construction, use and management.
Download stadium_license_agreement.pdf
Download stadium_management_agreement.pdf
Agreement with Barry Real Estate (development partner of Hardball) on condominium and retail construction.
Download condo_retail_agreement.pdf
Agreement with White Lodging Services regarding the Courtyard by Marriott hotel.
Ben - your reporting says that these agreements "have been signed" -yet those that are to sign them have not taken any action on them. What do you mean by "signed"? John B. Kalb
Posted by: John B. Kalb | July 17, 2007 at 04:21 PM
Early thoughts on the hotel agreement
1. $1.50/day/ for each occupied space for parking? We're building them the garage the least they could do is pay a reasonable amount to use it. Also, note that they get to keep the profit from their spaces after they charge their customers. This is unacceptable. Either the city is running the garage or they're not - this hybrid relationship is silly.
2. The new walkway should be nixed. We're building them a garage, giving them up to $5 million in direct cash subsidy, giving them the land (sorry, we're charging them $1), and getting them $6 Million in tax credits, 10 year property tax abatement, etc. And they have the nerve to demand yet another $1 million (or more) for the walkway?
3. The idea that we could still be subsidizing this hotel 11-20 years down the road is outrageous. This was never in the MOA.
It's quite clear that the city and the redevelopment commission would do anything at this point to make the project happen. The very idea that a Courtyard by Marriott will lead, even indirectly, to more quality jobs is Bush-esque logic...
Posted by: Jeff Pruitt | July 17, 2007 at 05:28 PM
John, by signed, I simply meant the deals were completed between the city and developers. The Redevelopment Commission must still approve them.
Posted by: BenLanka | July 18, 2007 at 10:08 AM
I noticed that despite requests from councilmembers and citizens there is nothing in the MOA requiring the the stadium manager to use local suppliers...
Posted by: Jeff Pruitt | July 18, 2007 at 11:33 AM