By Scott Unger • Of the News-Register • 

Palindrome team backs out of Alpine redevelopment

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Comments

B

Let's all together say "Cluster". No confidence at all in this mess being resolved.

Ron

Come on Garvin You want to hurry into another MOU your last statements sound like you’re drinking the Kool-Aid with Heather Richards.
The city got lucky with palindrome dropping out.Now time to put the property back on the market. It’s also time for the city of Menville to get out of the development & Real estate business. You mentioned there’s more unknown to selling.That’s laughable! put it on the market and sell it before you and you group get some other freebie stupid ideas for McMinnville. Maybe somebody could buy the land and pay for it and develop it the way they want to. For sure quit pushing the overpriced upstairs living with no parking Old news Old ideas.

BC

In my recollection, the city purchased the RB Rubber site to keep it from being sold to another industrial user. The original plan (again, as I recall) was to purchase it then sell it to a developer (EMPHASIS SELL) who had a plan better in keeping with the city's goals and visions.

At what point did this turn into "giving" the property to a developer? The fact that two of the three finalists assumed they'd be given the property, and made no effort to purchase it smells. Who could possible think in those terms? Millions of dollars worth of property just handed over gratis?

As a human who lives in the USA, I'd never assume that anything of great financial value would ever simply be given to me. Would anyone else expect that?

Time to get back to the original purpose of the purchase - to sell the site and move on. At this point of $200,000 plus dollars per year in interest, the loss we'll take will be substantial, but not as substantial as letting this thing drag on even longer.

Cut the losses and get out of the real estate development business McMinnville. Sell the property and free up some agenda space for more important things that don't drain the citizen's tax dollars for, what feels to me like, some drug store counter make-over project.

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