Northglenn’s unwise development
The city of Northglenn unwisely purchased 17 acres of land at the intersection of Interstate 25 and 120th Avenue in order to create a commercial development.
The amount spent is equal to half of the entire general fund.
After an inconclusive arrangement with two firms named Zing and Prime West in 2006, the City Council authorized a new agreement with them last May.
As part of the agreement, the city agreed to pay a large bill owed by them from the previous agreement.
At the July 26 council meeting, the staff called the two firms its development partners. The staff did not tell the council that the firms had not yet signed the agreement. Evidently, the $50,000 earnest payment is a problem. Another problem lies in the fact that should Zing and Prime West sign, they will trigger a development schedule they cannot handle.
The council should realize that the clock has been ticking on them since they foolishly purchased the land and buildings beginning in 2004. Their decision has cost us capital improvements and improved services. The fact the city is willing to sell the prime portion of the land at a loss speaks for itself.
Gene Wieneke, Northglenn
Sounds more to me like the city is guilty of picking the wrong developers. Not in the plan of development.Posted by on August 28, 2007 06:42 AM
Traffic on 120th is fierce.Posted by on August 30, 2007 06:23 PM