Tarik Bateh, a senior director with JLL Capital Markets, is giving a presentation about his thoughts on Lot J. He said there are 4 major and fundamental red flags about the project, but they can all be fixed with "basic and standard" business and governance practices.

First red flag: Due diligence. He said the developers need to provide more information about the project.
"You could not get a mortgage on your house with the information that has been provided about Lot J," he said.
2. He said the developers need to invest their money into the project before the city does, as this is standard practice in the real estate industry.
"This ensures skin in the game," he said.
Bateh said the developers are fully capable of getting a construction loan from a bank, not the city.
Bateh's third point is that no city money should go towards the project until it's completed. City should instead provide a lump sum payment at the completion of the project that the developers do not need to pay.
"This method has proven very successful in revitalizing downtowns" across the county.
Bateh said a gap analysis should be considered to determine how much money the developer should receive. That involves city agreeing what a reasonable profit on the project would be and providing money to bridge the gap between what the profit would be without public investment.
Bateh said DIA is fully capable of performing that gap analysis.
Bateh said city should retain long-term ownership of the Lot J development, as its a highly strategic property. Suggests offering a ground lease for the property
Bateh said the ground lease should contain provisions that would allow city to terminate if the Jaguars leave. It doesn't burden developer but protects taxpayers, Bateh said.

More from Business

This is a GREAT argument to pull up when talking to people about minimum wage. Some others nested below


A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.

Raising minimum wage helps things not directly related.

Helps Infant mortality? Yup.

Lowers Suicide? Yup.

Reduce smoking rates? You bet.

It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!

Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.

You May Also Like

@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the


chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
https://t.co/krO69CsJ94 is in 2013, RsWIV1. notice that this is before the beginning of the project

starting in 2016. Also remember that they told about only 3 isolates/live viruses. RsSHC014 is a live infectious clone that is just as alive as those other "Isolates".

P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?