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[quote=Anonymous][quote=Anonymous]Because they overpaid for the two parcels and they would not be able to sell the Martens part plus the current LS/MS campus and come close to being even. Plus the whole point of this was to capture an ongoing revenue stream from the development part that would help cover Financial Aid.[/quote] If GDS overpaid for the parcels, it was because it (and its developer friends in the background) saw an opportunity to build the Wisconsin site taller and denser if GDS held both parcels. That way, they argued that GDS should be allowed to "transfer" unused density from the Safeway to the Martens parcel. Without common ownership, that argument would have been a non-starter. As it turned out, it hasn't been a very successful strategy.[/quote]
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