tefen
12-20-2007, 10:13 AM
Jeanne Stewart has been critical for some time of the development deals struck by the City of Vancouver with private developers. It seems that the editorial staff at the Columbian is finally ready to see her side. Could this mark a change in the public perception of these deals and the business climate under which they're forged?
Jeanne Stewart, the lone council member to oppose the sale, is troubled about the negotiated deal.
"I think more effective sales are done on the open market through the bid process, rather than a negotiated sale," she said.
Her concern is understandable and ought to give pause to the council as it presses ahead seeking more downtown development. There's nothing to suggest any wrongdoing in this deal or that Killian Pacific, given its track record, wasn't the best choice. But the city's close relationship with a select two or three developers has a potential downside.
http://columbian.com/opinion/news/2007/12/12202007_In-Our-View-A-boost-for-Main-St.cfm
A very interesting little article when considering the developments of the past few years, the perception of those deals, and the opinions expressed by the Columbian.
Jeanne Stewart, the lone council member to oppose the sale, is troubled about the negotiated deal.
"I think more effective sales are done on the open market through the bid process, rather than a negotiated sale," she said.
Her concern is understandable and ought to give pause to the council as it presses ahead seeking more downtown development. There's nothing to suggest any wrongdoing in this deal or that Killian Pacific, given its track record, wasn't the best choice. But the city's close relationship with a select two or three developers has a potential downside.
http://columbian.com/opinion/news/2007/12/12202007_In-Our-View-A-boost-for-Main-St.cfm
A very interesting little article when considering the developments of the past few years, the perception of those deals, and the opinions expressed by the Columbian.