The Valley Gazzette ran an article this past week where attorney Charles Willinger representing the developer, Ceruzzi-Derby Redevelopment LLC.,  stated “The existing agreement is not benefiting the city, it requires the city to put up the money to acquire the property. The developer has decided to offer substantial benefits to the city and is willing to re-negotiate the agreement. We think in a week or two we should have an amendment agreed.”

This is the first time I have ever heard or read comments from the developer admitting that the current PDA, negotiated by the previous administration, is working against the city’s best interests and that they are willing to address that impropriety.

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This entry was posted on Monday, December 17th, 2007 at 9:03 am and is filed under Downtown, General City Government, Redevelopment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.