Winegardner & Hammons to Manage Laura Trio Marriott

[fieldafm]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

[edjax]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

If a profitable offer on table for the City, then who is the issue?  DIA? if not, who with the city?

[Houseboat Mike]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

If a profitable offer on table for the City, then who is the issue?  DIA? if not, who with the city?

Exactly my point. Who can I call? Who can I email? What is the status of this project? Why isn't there a central repository for all of this information? And if there is, what is it?

[jcjohnpaint]

All I'm asking. 

[strider]

Not to worry, Municipal Code Compliance is on it and took one of these buildings (as well as the Claude Nolan) to Special Masters a couple of weeks ago.  I think they got another 180 days to get things done!

[fieldafm]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

If a profitable offer on table for the City, then who is the issue?  DIA? if not, who with the city?

Like with anything, the City would need to bond money to take on any new capital improvements.

[fieldafm]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

If a profitable offer on table for the City, then who is the issue?  DIA? if not, who with the city?

Exactly my point. Who can I call? Who can I email? What is the status of this project? Why isn't there a central repository for all of this information? And if there is, what is it?

DIA and the Mayor's office.

[Kay]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

Then what is the problem?

[fieldafm]

I think the lender is not going to lend the money without the City being responsible if project goes belly up.  Don't know that makes
sense for the City.  The DIA wants to see this project happen.

Sorry Kay, that's not entirely true. The City has a profitable offer on the table. At this point, I'm surprised the financial partner hasn't walked by now. I would have.
That's not the kind of message that the City should be sending to this type of lender (a very big player who has not invested in Jacksonville before).

Then what is the problem?

See my post above regarding debt.

[thelakelander]

Not to worry, Municipal Code Compliance is on it and took one of these buildings (as well as the Claude Nolan) to Special Masters a couple of weeks ago.  I think they got another 180 days to get things done!

What building is code eying?