
IS IT TRUE that the Branson Mo developer is paying a visit to our fair City and last Evening, the Mayor broke out the top shelf goodies?…that this Hotel deal looks like it is on the “fast track”? … we should remember the downtown baseball complex that then Mayor Russell Lloyd, Jr. touted using the same terminology, and he never held one city hall meeting?…that history may be repeating itself?…nobody seems to know any broad details about this complex project, not even the media.
IS IT TRUE that this hotel will have 252 rooms, a 24,000 square foot ballroom, retail shops, residential apartments, yes, residential apartments, meeting rooms, and a parking garage which the City will have to build at a cost of $7,000,000 and leased to the Branson gang over a ten year period of time receiving $1,800,000, a 2.57% rate of return?…that the estimated cost of construction of this hotel is $73,000,000 and the taxpayer’s will have to pony up to $27,000,000 while the developer throws down only $9,000,000?…that it does not stop with the $27,000,000, but, the taxpayer will be committed to expending $13,000,000 on an additional structure behind the Ford Center for storage and conference facility since the original design of the Ford Center was inadequate, three connecting walkways between the hotel, the Centre, and the Conference Center totaling $40,000,000?…the rest of today’s IIT comes from selected lines of the Pre-Development Agreement that will be signed by the City of Evansville through the Evansville Redevelopment Commission today?…we doubt they have even had time to read this and think about it?…this is a case of McCurdy déjà vu?
IS IT TRUE there will be a Developer Fee subject to the conditions contained herein, within thirty (30) days of execution of this Agreement, City shall pay Developer the Developer Fee, in the amount of Fifty Thousand Dollars ($50,000.00), for Development Services (a) provided by Developer as of the date of this Agreement and (b) as may be provided by Developer through June 30, 2013 (or the earlier execution of a formal Development Agreement?
IS IT TRUE the City acknowledges certain third party costs that have been and continue to be paid out by the developer?…the City even agrees to pay these 3rd Party costs up to $200,000?…we suspect third party costs to include travel, meals, entertainment, and charges for copying and renderings?… For a Third Party Cost (which by definition have already been approved by the ERC) to be eligible for reimbursement the City must be presented with a Payment Request in the form attached hereto as Exhibit “C†containing a detailed invoice, describing in reasonable detail the work performed, the dates such work was performed and containing an acknowledgment that such work is directly related to the Project?…the spending has already begun and the City Council has not even been asked to vote on a bond issue?…this is Earthcare Energy déjà vu at roughly the same up-front money costs when it comes to 3rd Party costs?…it seems the City of Evansville can use surrogate agencies like the appointed ERC to spend $200,000 on a purple cow without fear of retribution or asking the City Council to approve?…this is no way to run a city?
IS IT TRUE the negotiation of a real contract will continue until the middle of the summer and it looks like the City will be paying $250,000 good taxpayer dollars to the group they are negotiating with for the privilege of negotiating with them?…the first rule of negotiation is to never negotiate with yourself on the other guys behalf?…there is no rule that says “do not pay the other guy to negotiate with youâ€?…that rule must need to be put into the rule book for places like the City of Evansville that think paying a foe to negotiate against you makes sense?…we would like to have a camera if anyone went to a car lot and the salesman came out and said “I will negotiate a deal with you if you pay me $500 to negotiate and afterward you get to pay in full for the carâ€?…that would be one desperate buyer to accept such an asinine proposal?…the City of Evansville looks like it has done so?