There’s a great moment in last week’s City Council meeting that I want to talk about but will wait till I get a chance to splice through some video, because it really needs to be watch to fully appreciate. But in the meantime I wanted to talk about the discussion that occurred around the new, really exciting food and beverage maker space. Now given that it’s pretty much exactly what people say they want to see in new businesses, of course you would think this would have been a relatively short discussion (love it, yay! move on) But naturally with this Council that was not meant to be.
Everyone was completely on board with it with the exception of Trish Spencer. Why? Because she had an issue with the option for purchase price.
Remember these are buildings that have been neglected for years, calling it Class C Commercial is probably a generous description. Plus the option to purchase would generate $68 per square foot for one building and $74 per square foot for the other. According to Trish Spencer this was too low because residential properties are going for way over that.