RenSquare meeting right now
Is this project over yet? Yep - the famed Main and Clinton LDC meeting is happening right now. Watch the news for what breaks after the meeting.
From City News on Friday
Duffy wrote to the other Main and Clinton Development Corp. board members to outline his concerns. He again wants assurances that the project can be built for $230 million, and he wants alternatives to be considered in case it can’t.. Before fund-raising begins, however, he also wants a “credible estimate” of the ongoing operating costs for the project, as well as a plan for ownership of the theater and other components. He also wants any “operating cost gap” and its funding mechanism to be identified.
“He doesn’t feel comfortable fund-raising for something that doesn’t have an operating plan,” says city spokesman Gary Walker.
But this was rich…
The Main and Clinton board is scheduled to meet at 10:30 a.m., Tuesday, August 12, at the Auditorium Theater. A project spokesman wouldn’t say what is on the agenda, and Walker said that the mayor hadn’t been told either.
A formal big deal meeting without an agenda. I guess we will find out soon enough.
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