Did anyone expect anything less? Cuyahoga County Commissioners waived the $500,000 fee on the East 9th Street and Euclid Avenue property originally bought for a new County Administration Building.
The $500,000 check was made to the County to tie up the property for the developer. The developer should have eaten the fee and the County should be $500,000 richer.
Apparently, that’s too much high finance for the three County Commissioners to figure out.
There can be no doubt that the fumbling, stumbling County Commissioners have no idea of what to do with the property they bought for some $22 million and have invested millions of dollars more in asbestos removal.
So why not give it to some developers who also have little idea of what to do with what was the financial corner of downtown Cleveland.
What will K & D do?
Since they pay NOTHING to hold onto the land they sit and wait. Hey, lightening does strike somewhere.
Commissioners Tim Hagan, Jimmy Dimora and Peter Lawson Jones might as well have their finger right up you know where.
This property, already empty for a decade at least, can now be used by speculators – the K & D Group (doesn’t that sound impressive). It will be years and years before anyone sees anything done with that property.
This has been one of the biggest screw ups of all time in a city that has almost perfected the talent.
“The worst that can happen is they can’t consummate the deal and we sit on the property for another couple of years,” Hagan told the Plain Dealer.Doesn't that kind of comment give you confidence in your County leaders.
The worst will happen – Tim Hagan will be re-elected in November.
Links:
[1] http://realneo.us/content/cry-cleveland-or-have-i-asked-question
[2] http://realneo.us/content/roldo-bartimole-0
[3] http://realneo.us/content/cuyahoga-county-people-are-generous