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Taxpayers on hook to fix sinking building

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Posted: Tuesday, March 25, 2014 9:00 pm | Updated: 11:10 am, Wed Mar 26, 2014.

Two years ago, the city of Santa Fe paid $3.6 million to buy part of a Railyard building to avoid a lawsuit with the developer.

Now that building at 500 Market St. is sinking into the ground, and because of a settlement that the city struck with the developer, taxpayers will be on the hook to fix it at a cost of up to $400,000.

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3 comments:

  • Staci Benni posted at 11:25 am on Wed, Mar 26, 2014.

    Sta Benni Posts: 172

    Another legacy of the Coss administration that keeps on draining city funds. It is hard to believe that the city negotiated a settlement in which it settles with the possible party responsible by paying that party hundreds of thousands of dollars and by the city accepting responsibility for future construction issues--who negotiated this settlement? Geno Zamora? Kelley Brennan? With employees like that, the city does not need enemies. As for the city council, it is lead around like a bunch of sheep doing whatever the city attorney tells them to do. Time to grow some backbones and independent thinking skills--rather than whining about not remembering or "he made me do it" explanations.

     
  • Thom Wilson posted at 7:07 am on Wed, Mar 26, 2014.

    Oldbikerider Posts: 6

    So..... is it the building that's sinking or the sidewalks around it?
    Good for Patty B. holding someone's feet to the fire.
    Doesn't the city have an Engineer and an Engineering Department?
    I'd think they would be capable of determining the cause of the problem and the solution, saving us a cool $70K.

     
  • Jay Shapiro posted at 7:05 am on Wed, Mar 26, 2014.

    jayshapiro Posts: 29

    Ah, The Railyard, the gift that keeps on giving. Not so much to the city of course, but to the handful of well-connected real estate speculators, developers, contractors, business associates, and of course their friends and relatives, all of whom have cashed in on this publicly-funded investment opportunity.

     

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