old city hall... sell sell sell!

[custosnox]

Omega Alpha is an "as is" buy as well.  However that is about as far as their plan has been made out.

The TDA contract will contain a condition that it will be resolved in six months, and if it has not been sold then it will revert back to the city unless an extention is given.

[Conan71]

love TDA.  Can the city not dispose of property through any other means than this cluster love of a bureaucracy?  Why do I have a feeling this other offer from Omega Alpha was simply a favor to Turner backing up his comments about "What if we got an offer for $1.2mm?" by getting the Snyders to bump their offer $200K...

[custosnox]

Turner seemed concerned with the $600k a month on upkeep.  I think he is as ready to get rid of the property now as everyone. 

I think that the councilors are seeing the TDA as a necessary evil at this point, since none of them really showed any trust in TDA.  I think at least a couple are convinced that they can't sell it directly, but not completely sure on that.

[Conan71]

Turner seemed concerned with the $600k a month on upkeep.  I think he is as ready to get rid of the property now as everyone. 

I think that the councilors are seeing the TDA as a necessary evil at this point, since none of them really showed any trust in TDA.  I think at least a couple are convinced that they can't sell it directly, but not completely sure on that.

And a necessary evil is still evil.  Make it less evil or get rid of it.

[Rico]

love TDA.  Can the city not dispose of property through any other means than this cluster love of a bureaucracy?  Why do I have a feeling this other offer from Omega Alpha was simply a favor to Turner backing up his comments about "What if we got an offer for $1.2mm?" by getting the Snyders to bump their offer $200K...

I don't think Roscoe is, connected up, that well.

I think these boys are playing the art of the auction. Wait on a bid and go as low as you can go above it.

I have a feeling they are just looking to profit on the recent interest in the site.

Possibly buying as low as they can and then doing a flip for a quick buck.

That is until this "pesky conditional RFP" got in the way.

[Conan71]

I don't think Roscoe is, connected up, that well.

I've been hearing more of that lately...he's nearly 80.

[custosnox]

I've been hearing more of that lately...he's nearly 80.

I'm starting to wonder about him.  He started rambling on about the cost of upkeep on the building, and the way he was going I was waiting for him to say it was going to capsize or something.

[Rico]

Anyone know or like to issue a guesstimate as to the $money man$ behind door # 2.

They really put forth some unusual criteria for doing business with the, real estate end, of City Of Tulsa.

Strategy, possibly revealing, shortfalls of their own?

[custosnox]

whoever it is is bound and determined to try and cast the Snyders in a negative light to get this deal.  They were trying to push an angle of having the city put restrictions on the sell that would exclude the Snyders because they took grant money on they Mayo because it was a historical building.  The further this goes along, the less I like these other guys.

[Conan71]

So where was Omega Alpha a year or two back with their own offer? They weren't interested until someone else finally ponied up an offer. It's starting to piss me off what they are trying to do to queer the Snyder's deal. 

[custosnox]

So where was Omega Alpha a year or two back with their own offer? They weren't interested until someone else finally ponied up an offer. It's starting to piss me off what they are trying to do to queer the Snyder's deal. 

The way they sounded Monday is that they weren't interested until TDA got involved.  It also gets me how Monday they were making complaints about how quickly this came about, tonight they were suddenly urging the council to push it through as fast as they could.

[custosnox]

Oh, I should add that I talked to Tori afterwards, and now that they found out that they won't own the parking lot until at least 2028 they are going to have to reconsider everything and figure out what the strategy will be on parking.

[Gaspar]

Now, imagine the absolute worst outcome for this deal, double it, throw in some litigation against the city, add a sprinkling of regional or national embarrassment, put a bow around it, and that's a fair prediction of what will happen.

[SXSW]

Oh, I should add that I talked to Tori afterwards, and now that they found out that they won't own the parking lot until at least 2028 they are going to have to reconsider everything and figure out what the strategy will be on parking.

The parking wouldn't be included?  I guess they could work something out with the Civic Center garage which is pretty close. 

So does TDA now have control over the property?  Are they still going to wait 6 months to award?  Have any renderings from the two proposals been released?

[Conan71]

Typical Tulsa Charlie Foxtrot