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[EagleDad]

rew said:

If we're going to just build it with less amenities (smaller capacity is less amenities), then why not build at BB with less amenities?

I agree.

And... less land is less amenities.

[wvhsparent]

eagledad said:

Something tells me the cookie cutter srchitecture and planning approach won't work so well on another site that is smaller ans sorrunded by hazzards. My guess is there would be significant redesign work needed on AME.

I, on the other hand, think it would work just fine.

[bob]

proschool said:

eagledad said:

Yes, that's right, there's another 1 Million in costs in walking away from BB

So we have in walkaway costs/losses
5MM legal
1MM planning/surveys/designs
7.5 MM in land differential for the extra 10 acres at BB that are not at a 70 acre site (estimated worth of the prime frontage land and BB along 75th)
4.5 million in land sellback losses (figured at having to sell back the current BB 25 acres at 225K and purchase a new 25 acres somewhere else at 400K/acre)

Total loss/reduction value involved at bailing on BB (so far, I'll bet there's more costs to be uncovered/disclosed) - 18 Million

That would mean another 70 acre site would need to be less than 31MM-18MM or under 13MM (or approx. $185K/acre) to make it worthwile on costs alone.

This does not account for the "suck" factor of another site.

They'll need to ghet a hell of a deal elsewhere for this to make sense.

Don't forget to add that the BB estate still expects $2,500,000 in damage to the remainder even if we walk away from BB

There is no damage to the remainder since we didn't buy it.

[EagleDad]

bob said:

proschool said:

Don't forget to add that the BB estate still expects $2,500,000 in damage to the remainder even if we walk away from BB

There is no damage to the remainder since we didn't buy it.

I think they do want it now, since the SD decided to drag things out past the October 30 day deadline. They'll make the case that they had a buyer and couldn't sell it in November.

[proschool]

bob said:

proschool said:

Don't forget to add that the BB estate still expects $2,500,000 in damage to the remainder even if we walk away from BB

There is no damage to the remainder since we didn't buy it.

Not according to BB. they have already petitioned the court for the money. They say that the sold the land for PREIT for less than it would have been worth if the school district had not filed for comdemnation.

[EagleDad]

Yes, clearly BB is seeking the 2.5 million in damages NOW in their filling due to the SD's delay tactics. they are also seeking additional legal fees and penalties. Every day more is piling up.

M2's "Hail Mary pass" quote to Britt Carson didn't help.

I'll try to get the motion online, it's very good reading and shows how really screwed we are if we walk abandon BB.

[bob]

It is a motion.

[EagleDad]

Yes bob, it is. Are you going to place your money on Petesch (district attorney) at this point?

[bob]

eagledad said:

Yes bob, it is. Are you going to place your money on Petesch (district attorney) at this point?

I believe BB has yet to win one of their motions.

[EagleDad]

OK, there's a thread just for the motion, we can continue discussion there.

[Arch]

When a Sun article is presented as 'evidence'... well... um... yeah...