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RM 04-11-80
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RM 04-11-80
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South Ben0edevelopment Commission <br />Regular Me ting - April 11, 1980 <br />7. PROGRESS REPORTS <br />Mr. Ellison: We are moving as rapidly as <br />po sible. Obviously, the Commission has an <br />obligation, if it is going to dispose of the <br />building, to have some assurances of what is <br />go ng to happen to it. Clearly, what we are <br />doing now is facilitating that process. <br />As you may recall from the proposal presen- <br />tations, no two people wanted to do the same <br />thing to the building. That is the nature <br />of rehab. It tends to be rather inexact, <br />and tends to lend itself to a great deal <br />of creativity. One of the problems that <br />we have had in the past is trying to <br />evaluate and. decide that one treatment was <br />better or worse from an aesthetic point of <br />view and from a structural one than <br />another. Clearly, we have needed some <br />additional guidance and this guidance at <br />this stage is becoming rather detailed. <br />We see it as simply a necessary step in <br />th process. <br />Nis. Derbeck: I take it when you are <br />talking about feasibility anyway that you <br />are not talking so much about the soundness <br />of the structure but the economics? <br />Mr. Nimtz: The economics, that is right, <br />in the present day market. <br />Mr. Ellison: There is much disagreement <br />ov r what is economically feasible and <br />what is not. <br />Mr. Robinson: I don't believe they have <br />convinced us that we are totally satisfied <br />th t they are going to complete the project. <br />In other words, if they start it, and they <br />do 't have any success, we can see that it <br />is gradually going to get worse and worse, <br />an there will be no benefit whatsoever. <br />Mrs. Allen: This was never done on the <br />other projects that were done. <br />Mr Robinson: That is totally different, you <br />are talking about a new facility and you <br />are talking about having new facilities <br />all the way around in the existing <br />structure which might be detrimental to <br />the whole downtown renewal if they didn't <br />co plete it. <br />-30- <br />
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