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What a bunch of Bums that Ambrose group.
Silver lining is that they were probably going to develop it poorly, anyway.
Same track record of sham developer as what they did at 96th and Springmill for St. Vincent Hospital http://www.springmillforum.com
The project from the very beginning seemed way to overly ambitious.
To do what was envisioned, we would need to realize sunbelt growth rates in downtown
jobs and residents.
Sounds like they were always underfunded.
ambrose never intended to develop the site. they just wanted to buy it and market it into this desirable site and sell to the highest bidder. amazon putting on the 20 finalist list just made the site that much more valuable and Ambrose is simply trying to cash in but the city is holding Ambrose accountable and see straight through their disingenuous tactics.
The thing that bothers me is the fact that the city wants to bully its way into possession of this property.
They can control the development with zoning and infrastructure funding etc
The city should not have this property even if Ambrose agreed to sell it to them .
If you let cities towns or States take control of highly valuable development ground in this manner it’s going to do nothing but breed corruption.
This would in no way be a legal taking under eminent domain .
Ask the N.K. Hurst Co what they think of the cities tactics .