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5. PUBLIC HEARING (Cont'd <br />r. Wiggins: foreclosure, but the hotel was operating, and what the bank <br />(Cont'd) proposed to do with it, was the bank's knowledge, and was <br />not public knowledge. <br />r. Brownell: (Yes, in response, to Mrs. Allen's hand to speak). <br />s. Allen: I just feel that this is rather evasive. The Century Center <br />was planned, and it was a going operation; and when the <br />first proposition was offered for Block 6, all of these facts <br />were known, and it was stated that we didn't need more space <br />for convention people. I don't feel that, at this late date, <br />we should say that we didn't know any of these things. <br />I, myself, had projected the very fact that, with the Con- <br />vention Center operating, we would need more room, and, at <br />that time, the LaSalle was not going down hill- -the Charis- <br />matic Renewal people, and all these things were known. Let's <br />not go back. We are just changing it now -- something that <br />could have been done about three or four months ago. <br />Brownell: The fact is that the Feasibility Study came out negative that <br />time. <br />. Allen: But that was based on the same Study that you had before, <br />when the LaSalle was operating and so forth, and even after <br />that when it was going, it was said they didn't need any <br />more room. It made sense that with the Convention Center, <br />that you expect to get the conventions, you needed more <br />room. <br />. Butler: The Feasibility Study, I believe, was undertaken 10 months <br />ago, not three or four months ago. That was 10 months ago <br />when this issue was decided. <br />s. Allen: Well, then, perhaps all this could have been done 10 months <br />ago. <br />. Butler: Well, it very possibly, as Don pointed out, this doesn't <br />permit the Commission to authorize the construction of a hotel, <br />motel, or motor hotel, on that property. Before... if that <br />is contemplated by the developer, the developer has not indi- <br />cated that. If that is contemplated at any time by the de- <br />veloper, the developer is going to have to get approval from <br />the Commission. The Commission, in order to give approval, <br />would again have to have a Feasibility Study - -a positive <br />Feasibility Study undertaken. <br />Brownell: If there is no other question, I think we should make clear <br />that we will have a Public Hearing on June 4th, at our <br />meeting here, at 10:00 a.m. , this year. <br />Wiggins: This Public Hearing will be continued until our next meeting <br />which is June 4th. This is to meet the requirements and will <br />provide any additional opportunity for anyone who has any <br />further questions. <br />- 8 - <br />