Wednesday, April 23, 2008
UPDATED: Dallas City Council meeting on Wednesday will include vote to buy overpriced land for convention center hotel
Updated 04:45 p.m., April 23, 2008
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Stampeding to hurry and spend taxpayer money before most people really notice it's being done, Mayor Tom Leppert and the Dallas City Council are voting today to commit to buy a chunk of land downtown for a convention center hotel.
Mayor Tom Leppert and the Dallas City Council are so intensely eager to purchase this land before taxpayers realize what's happening that they are committing to $42 million worth of "certificates of obligation" for an 8.34-acre tract of land at Young, Market, and Lamar streets that's valued at a mere $7.5 million, according to county tax assessors.
It's nauseating.
Other items on today's crazy, action-packed agenda:
1. a vote to implement an electronic campaign finance disclosure system which would eventually become part of a database available to the public.
2. a vote on who will replace Lynn Flint Shaw on the Dallas Area Rapid Transit board. Will it be former DART board member Joyce Foreman, who was ousted? Or will it be Urban League chief executive Beverly Mitchell-Brooks?
To hear it all go down, turn on WRR-FM 101.1, where broadcast starts at 9 a.m.
UPDATE: Yay, they postponed the land purchase.
Posted by T.G.
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Comments
Shawn Williams Verified
I hear that the convention center vote was delayed. Interesting.
2 months, 1 week ago ( Link to this comment | Suggest removal )
Gwen DuVal Staff
With competing developers offering "assistance" to the City Council and warnings about not getting taken,by the other developer you understand.
Differences in appraisals in the millions for one plot of land, with the city's being higher... so the city should pay more for the land than a developer would offer...hmmmm how does that happen?
2 months, 1 week ago ( Link to this comment | Suggest removal )
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