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Reply to "Getting the GDS mojo back"
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[quote=Anonymous][quote=Anonymous]It's like a public-private partnership with GDS playing the role of the public/dupe, but lacking the regulatory power to get the project approved. And no private partner seems to have agreed in advance, even contingently, to the deal. So every time JBG says "jump!"GDS says "how high?" No guaranteed reward; n[b]o clear limit on predevelopment costs the school is willing to bear[/b]. No wonder GDS is reconsidering.[/quote] Right. Let's say that GDS cuts its losses and gets rid of the Wisconsin property to someone else. The school has still incurred big time costs for architects, planning consultants, traffic engineers and real estate development lawyers, all related to the PUD design and approval process. Ouch. [/quote]
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