Wednesday, September 28, 2011

ER #12: Boiling Pots

City Hall Elevator Rumblings #12

Rider #1: Guess what is starting to simmer and reach the bubble-over stage again?

Rider #2: Well, the Billy Bob “Entertainment Center” Boondoggle is still cooking, but will not boil over until December when the council has to consider what to do with his agreement for services. I can hardly wait to see if there are any official documents that reflect Canadians might take a ride on his spin machine and cough up $200 million. Is it the other major pot of “family” gumbo cooking...Delbert’s McDougalville project in the Heritage District?

Rider #1: That’s right. While we wait to see if McDougal’s bid is the only one for the chunk of city property we are proposing to sell, it appears that he might have some more bank paper coming due. And should the transaction for this city property work out as the Capo might like, then the “family” could win again and McDougalville might be “saved” for another day. And if all this doesn’t work, then McDougal could sell another one of his chunks of property back to the city to reap the bucks necessary to attend to his banking issues.

Rider #2: Has anyone questioned why the city is even wanting to sell this property? At the price it would have to sell for, interested buyers seem to be limited. Besides, folks haven’t been beating down the doors with interest in this property, or actually other properties with intentions for building anything in the Heritage District.

Rider #1: That’s probably due to the grossly inflated prices originally paid for properties purchased by McDougalville in the Heritage District. Here’s the 4th floor. Time to put on our subservient faces and get into our “yes, I agree” mode.

A note from counsel: These “candid” elevator conversations have been injected with fabricated nouns, verbs, adjectives, conjunctions, adverbs, modifiers and maybe a few dangling participles….Mark Holbrook