Friday, May 06, 2005

Gadfly Says

Gadfly says the city has spent over $2,000,000 acquiring city property. CRA/GrandTerrace has now contracted to sell 4 of the BartonParcels 2 Douglas JacobsnDevelopment for $1,760,000. so I guess the development needed a big $240,000 subsidy from CRA or the city huh? The 2-15-05 agreement calls for 250,000 SF of building to be built at Barton & Michigan!! 10 times larger than the current StaterBrothers GrandTerraceStore. Wow, interesting