Just when you thought things couldn’t get any worse, the Bunker Ramp is the evil step child that keeps giving;
The letter also says that the completion guarantee allows them to complete the project “and the Parties hereby give notice of their intent to do so.”
They say the City’s termination of the agreement was based on “. . . acts and/or omissions by the City in reckless and negligent disregard of the rights of the Parties after termination of the Development Agreement, give rise to claims, hereby noticed, for wrongful, willful, malicious, fraudulent and/or oppressive breach of contract, civil conspiracy in doing so,”
Under state law, plaintiffs have to give notice to a government like the City of Sioux Falls before they can file a lawsuit.
In other words, the project’s guarantors want to finish the project, and they are going to sue the city to do so.
As we know (or maybe we don’t) the city dumped them because they wanted to reduce the size of the project. I still think it was a bad idea to go into business with peeps who are going to probably receive a $500K fine for the Copper Lounge building collapse (excluding Lamont, who is represented by a separate attorney in this dispute).
Either way, I suspect the city wanted an out for two reasons, and NOT because of the reduction in size;
• I believe they didn’t want to go into business with the Four Horseman who are embroiled in Federal charges.
• I also believe they have someone waiting in the wings to snatch this project up, I have my guesses, but I will keep them to myself for now. I can hear the grand arguments already “Developer ‘X’ has came in to save this project and make it even better! Not only will we roll out the red carpet for being our savior, but we will throw a TIF in to boot.”
This is all speculation of course . . .
Isn’t it crazy how our city government doesn’t even bother to hide from being corrupt anymore? The last mayor made it look so easy.
This project will go down in history as one of the WORST decisions our elected officials have ever made, and that is a hard competition to win when you are competing with Phillips to the Falls, The Denty, City Admin building, RR Redevelopment project and the Midco.
All parties are a feeding frenzy of piranha going after what’s left of taxpayer funding. There will be a skeleton but (likely) what’s left will collapse and kill another citizen.
Yeah maybe sanford sportz could use this ramp as a backstop for a downtown driving range. It’s just as much as an eyesore as that thing by the airport.
“Some day”