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Norwalk officials locked in acrimony with Wall Street developer

The Isaac Street property owned by Wall Street Opportunity Fund, an entity controlled by Jason Milligan. It was formerly owned by POKO Partners for the Wall Street Place development, Phase II.

NORWALK, Conn. – Developer Jason Milligan said last month, as he stood ready to plunk down $5.2 million for “POKO Phase II,” that he’d like to be in charge of energizing the Wall Street area – but those ambitions may have hit a snag.

Mayor Harry Rilling is unlikely to speak with Milligan again after being assured by the developer on May 31 that he wasn’t going to close on “POKO Phase II” the next day, only to find out that Milligan had already bought the properties when the comment was made, a reliable source said.

Milligan admitted to NancyOnNorwalk this week that he had been “less than total forthcoming for sure,” but had been “caught off guard by the tone” of the conversation he was in with Rilling and others, and the “thick lawsuit” that had been presented by Corporation Counsel Mario Coppola.

Jason Milligan. (File photo)

Milligan on May 18 announced that he had contracts to purchase 83 and 97 Wall St., and 21, 23 and 31 Isaac St., all formerly owned by POKO Partners to be used for Phase II of the Wall Street Place development. The properties are adjacent to the partially built Wall Street Place Phase I, owned by Citibank, which foreclosed on POKO months after construction stopped in 2016 due to what Redevelopment Agency Executive Director Tim Sheehan at the time called a “budget gap.”

City officials had been working with Citibank and a developer to try to get the development restarted, citing a nondisclosure agreement when asked questions about the situation. On June 1, Milligan announced that he had closed on the properties.

“This came as a surprise, as all parties were keenly aware of the requirements of the Land Disposition Agreement,” Sheehan said in a June 1 statement. “Poko knew any transfer of the property without Agency consent would be a violation of this agreement.”

“The city is willing to work with any property owner of Phase One and Phase Two, as long as it is within the bounds of the agreement,” Rilling said in a statement. “To ensure these contractual obligations are not disregarded we are considering all of our options – including litigation. This is not personal, as any party who sought to buy this property is bound to this agreement.”

 

A meeting in the Mayor’s office

The source, speaking on the condition of anonymity, said that city officials asked Milligan to come in for a meeting so they could explain the restricted covenant in POKO’s Land Disposition Agreement, reportedly a mandate that a property transfer would require Redevelopment Agency approval. Milligan had an appointment at 10 a.m. May 31, but changed it to 2 p.m., then to 3 p.m., then arrived at 3:15, the source said.

Milligan was expect to close on the properties the following day, June 1, and had signed a document stating that he understood the LDA, the source said. He was asked to amend the purchase and sales agreement to state that Redevelopment Agency approval was needed, and said he’d think about it and talk to his investors. Rilling asked if Milligan was going to “close tomorrow,” and Milligan unequivocally guaranteed that he wouldn’t be closing June 1, the source said.

Then Milligan left the meeting early and went downstairs to record the sale in the Town Clerk’s office, the source said.

Town Clerk Rick McQuaid said Wednesday that Milligan did not bring the paperwork in himself.

Asked about this Friday, the source said no one had followed Milligan but when they learned he had already bought the properties they concluded that’s where he had been going. The point was that everyone was surprised, the source said.

NancyOnNorwalk obtained a copy of the Mayor’s calendar for May 31, which listed a 2 p.m. appointment for Milligan.

The source quoted Milligan as telling Rilling, “I didn’t lie,” when asked about his promise not to close on the properties Friday when he had already bought them that Thursday.

Rilling did not respond to an email asking for a response to the information.

Milligan said city officials didn’t request the meeting, he did, and provided text messages to back that up. He wanted to meet on with Rilling and Assistant to the Mayor Laoise King to discuss solutions for Wall Street, he said.

“For now, just know that I do not have a large scale final plan,” Milligan wrote to King in a text message. “I have mostly process ideas that could make ot {sic} faster and easy to give the city what it wants. … I am more than willing to work with Citibank, the city and others to improve the area including cooperating to allow the Tyvek building to get completed. Completing that building will definitely help the area.”

Milligan in an email wrote:

“I was caught off guard by the tone of the meeting and the number of people there. We did not discuss the topic that I had requested the meeting for, and Mario began the meeting with a thick lawsuit in front of him that he said he was ready to file against me. I was quiet at the meeting and mostly listened. The closing had already taken place but I did not feel like it was an appropriate time to share that news. I agreed to ask the seller of the property, and bank that had the existing mortgage on the property if they would change the contract or move the closing. Agreeing to this was less than total forthcoming for sure, but I absolutely did ask both of them if they would amend the contract or move the closing. They both were somewhat confused and eventually said no. I explained to them that I told the mayor I would ask.

“Later that day I spoke to Laoise and she asked me to sent something in writing. I sent this text to Mayor Rilling and Laoise: ‘I think it is a really bad idea to file a lawsuit against me. We are trying to work together… The only thing I can state with certainty right now is that I will not be closing on the POKO properties tomorrow, and that I will have a conversation with the mayor before I talk to the press. If you sue me tomorrow I will send a copy to the press and I will have a lot to say. The press did contact me today and I told them I have nothing to report other than the NDA has expired.’”

 

Milligan said it was false that he unequivocally guaranteed that he wouldn’t be closing June 1.

“I agreed to nothing at the meeting other than to request changes or delays to the contract with the seller, which I did,” he wrote.

It’s also false that he signed a document saying he understood the LDA.

“At this meeting Mario handed me a piece of paper that he claimed to have sent to the old owner that I had never seen prior to that meeting,” Milligan wrote.

 

Sources of the acrimony?

The source said Milligan’s newly acquired properties are needed to complete Phase I.

The Zoning Commission in February 2016 approved an amendment to “POKO Phase I” that reduced the parking on site, with the expectation that the parking deficit be made up with Phase II. The Phase I properties are noncompliant with Zoning regulations because there isn’t enough parking, sources say.

Milligan bought 23 Isaac St, a former city parking lot, for $3.2 million. The city would have had to pay $2.9 million to the entity ILSR Owners LLC, a POKO derivative, to get the parking lot back. Had POKO completed its development, it would have paid $50,000 for the city parking lot. This was also the deal for the city parking lot in Phase I; POKO was expected to pay five $10,000 yearly installments, beginning when the parking garage opened. The city would have to pay $2.9 million to get the parking lot back, as POKO used it as collateral for a loan.

In the course of investigating the comments made by the reliable source on the condition of anonymity, NancyOnNorwalk was told by another source seeking anonymity that the city had considered investing another $2 million in taxpayer funds in the deal, and reducing the public parking spaces from 155 to 100. The source said he’d heard that the city had rejected the deal.

“It has always been and continues to be our hope to see this project finished. As is standard practice, we cannot acknowledge or comment on any potential or ongoing negotiations,” Norwalk Communications Manager Joshua Morgan said in a Friday email.

Milligan’s history with Norwalk includes the legal difficulties he ran into after winning zoning approval to build apartments next to the Norwalk Public Library. The decision was appealed by the Norwalk Public Library Foundation with Milligan stating in September 2017, “{t}he way this has been handled, the way the advisors are running the show — they have one speed and it’s ‘Pitbull.’”

The appeal ended when the city agreed to pay $460,000 for a six-year purchase option on Milligan’s property at 11 Belden Ave.

 

Going through the lawyers

Since buying the properties, Milligan has tried unsuccessfully to dialogue with city officials.

“Despite repeated attempts to contact the mayor including the text sent in the evening after the meeting he has never responded to any of my calls, texts or emails,” Milligan wrote to NancyOnNorwalk on Wednesday. “Mario Coppola has been the only authorized representative of the city to speak to me. He has threatened legal action each time we have spoken, and is not that interested in discussing solutions to Wall St.”

On June 7, he wrote to Common Council members and said:

“I write to you as someone who is in a unique position to help solve Wall Street’s issues. With the recent purchase of several properties on Wall st and Leonard St, I now own 20 parcels within walking distance to Wall st and I have 3 others under contract, including the 2 Fairfield County Bank buildings that abut the white wrapped Poko Phase I.”

 

He founded Milligan Realty in 2003 and has lived in Norwalk for a decade, choosing Wall Street as his favorite area, he said, requesting that the Council “carefully consider the complete situation before making any knee jerk or hasty decisions, especially starting any lawsuits. Lawsuits waste lots of time & money which would just give us more of the same for the area.”

On June 8, Milligan wrote to King, asking, “Why have you ignored me for a week? Are you forbidden from talking to me or choosing not to? This situation needs your intelligence and voice of reason. Otherwise there is a danger for Mario to turn it into the library or worse.”

King is on vacation, unavailable for comment.

“After the Land Disposition Agreement was knowingly violated, the City had to consider all of its options – including litigation,” Morgan wrote Friday. “With that possibility, we have been very clear with Mr. Milligan that all communication must go through Corporation Counsel Mario Coppola and Redevelopment Agency Attorney Marc Grenier. It is not helpful to have side conversations as everyone needs to have the same information at the same time. We are willing to continue the conversation, but through the proper channels and with all parties present.”

“{S}omeone from City Hall other than Mario should take some time to discuss potential solutions,” Milligan wrote Wednesday. “Mario always will be at the ready to sue me or anybody, and sometimes that is what is called for. Right now some level headed discussions with some opened minded people is what is called for. The taxpayers are fed up with the results around Wall st. It is time to try something different. Why not give the person that just invested an enormous amount of money in the area, who has an office around the corner, and who is on fire with excitement to get going. For 11 years Wall st Poko has been much talk and little action. This time we can start with the lots of action…”

22 comments

Al Bore June 16, 2018 at 6:36 am

Now we may finally have some smart development as long as there are no decisions left up to Norwalk’s city government and redevelopment agency. Let’s see how this works and hopefully we will have a real thriving downtown instead of that big overgrown monster apartment building that the city leaders, agency’s, and council approved. Please stop the apartment madness in Norwalk you can’t drive anymore because traffic is sickening as a result of over development that is done without thought by city government. Norwalk,s infrastructure, schools, and size can’t handle anymore, open your eyes people and think! This recent development spurt is not working. Apartments and more apartments and when you think they can’t build anymore, they build a lot more. STOP and THINK we are busting at the seams ready to explode!!

Jason M. June 16, 2018 at 7:39 am

I repeatedly requested to speak with or meet with the mayor to discuss the possibilities for Wall St. I still have NOT had that meeting. I thought I was going to have it. Instead, I was ambushed. The mayor invited 4 lawyers to the meeting to talk about how the city is going to sue me.

11 years ago the Wall St Land Disposition Agreement was inked. 3 times it has been delayed and amended. Someone smart at city hall please recognize the failure so Norwalk can move forward!

The most recent proposal to fix Wall st was a sneaky deal offered behind a nondisclosure agreement. It offered to fix phase I if the city “invests” another $2 million taxpayer funds into the project, and the city will get back only 100 public parking spaces instead of the 188 that were previously agreed to when the city parking lots were given away.

I am here very eager to discuss how to fix Wall st. Many of my ideas have been shared publically. I am confident in my ideas and I am also open to work with the city and be flexible.

Mitch Adis June 16, 2018 at 8:56 am

Lets see what Mr. Milligan has planned and then make a judgment. It has to be better than what we have! The way it seems, City hall is upset they were out manuvered again.

Jlightfield June 16, 2018 at 9:23 am

So here we go again, the City of Norwalk is stuck in a time capsule as if it is still 2004, and the iPhone, Uber and Tesla aren’t disrupting every landuse business model. There sure are some pretty big egos over at 125, because any rational person would take stock of what we have in lower Wall Street, and realize that as all the major automakers promise 100% electric cars, autonomous and connected vehicles hitting the streets of Connecticut, and drone delivery of pizza right around the corner, we are going to need some space.

So that suburban layout of surface parking lots behind buildings that have loading docks and utility corridors from the 60s turns out to be very compatible with the ride share, delivery truck we have today. And it is really compatible with the autonomous future and electric recharge needs of the very near future. Wall Street could be the downtown of tomorrow without having to lose its historic charm. For once, Norwalk could be the first to do something cool instead of the last.

Sure, the robotic parking garage of 2006 seemed so far fetched then. Today still, some people blame that as the cause of POKO phase 1 failing. But there was a kernel of thinking about future needs that made sense. Self parking cars are here, and how those cars dominate the marketplace is just a matter of ten years.

The best thing to happen here is Jason Milligan putting a energetic wrench in the relentless machine of Redevelopment’s insistence that the world of the 1980s lives on in dumb buildings with no connectivity for either people, cars, or businesses.

Let’s see some real innovation instead of slapping the word on some half-baked tax payer subsidy plan dreamed up by people who still think department stores are a thing.

Jason M. June 16, 2018 at 10:04 am

An anonymous source (COWARD) that most likely was not at the meeting or involved in any conversations has given a very biased and inaccurate portrayal of the facts.

Anonymous coward, feel free to publically dispute anything that I have said and will say.

It is important to put this entire situation in context. We have numerous PUBLIC officials, an enormous bank (Citibank), and a large politically connected developer all PRIVATELY & secretly discussing the future of Wall St behind closed doors and under a gag order. Shockingly, it turns out that deal that required sworn secrecy was a terrible deal that would have further burdened the taxpayers.

The Wall St Neighborhood Association politely ask for a seat at the table to give input for the future of Wall st. They were shut down. I put 5 parcels under contract and ask for a discussion about the future of Wall st. Denied!
I close on the properties quickly and exactly as I publically said that I would. The city is not aware of this fact yet. They miscalculated by one day for some reason. They agree to a meeting for what I think is finally going to be the chance to share my ideas. Only to find out it is a room full of lawyers all threatening and cajoling me to delay my closing or change the terms of my contract.
Forgive me for not feeling that meeting was the best time to be totally transparent. I was outnumbered 6 people to 1, and I was out-lawyered 4 to 0.
The very next morning I told everyone that I closed prior to the meeting and I apologized for being misleading the day before. I also asked for a chance to discuss the future of Wall St. I offered to not say anything publically until we had a chance to talk.
I was stonewalled. The new communications {…} issued a ridiculous statement threatening legal action.
UGHHHHH! Norwalk citizens please help…

There are two paths that can be taken. A long, ugly, unproductive legal battle or a simple, easy open discussion about the possibilities for Wall st.
Edited to remove an insult, a violation of the comments policy. https://www.nancyonnorwalk.com/comment-guidelines/

Patrick Cooper June 16, 2018 at 10:08 am

How many times must Norwalk property taxpayers pony up for this Mayors inclination to play (poorly, at that) a kind of “monopoly” with our money. What is his obsession with land use issues?

Private developer, private investment, with smart development in an area that desperately needs it – but no. The mayor – his lawyer minions – and specifically – the Redevelopment Agency – don’t want that. Despite the glaring example of POKO – still sitting there – rotting.

Appreciate the note from Jason M – about the dirty secrets behind the NDA. Once again, selling out the taxpayers to cover their backsides.

I guess I’m torn here. On the one hand – I would applaud and encourage, even support – what Mr. Milligan is proposing. Wall Street has so much potential – and it could very well become the cultural heart of the city. That would be good for everyone, and who knows – might even grow the grand list. While we punted on the walk-bridge, I still imagine the concept of an alfresco park and café river-walk setting, connecting mid-town with SoNo. Active April to October. It would be the most vibrant city-scape on the gold coast. But no.

On the other hand – the dark side of me wants this mess to play out – spider dragging Harry the fly right into his trap. This mayor fights transparency at every turn – with so many “executive sessions” and non-disclosure agreements, intended to avoid any examination by the very public that pays for them – and for him. Imagine how beneficial it will be for the voters to get an inside seat, care of Mr. Milligan’s willingness to share the story with the press – on exactly how our mayor handles his dirty laundry.

There needs to be a major review of the Redevelopment Agency. They are simply bad for this city. Non-elected, ineffective, not transparent, and unaccountable. Time to kill the RDA. For good.

carol June 16, 2018 at 10:21 am

we need a tea party to make sure the citizens are a part of this”deal” and morwalk can have a thriving downtown again. here is a person willing to put his $$$$ where his mouth is. The city does not want to deal with anyone they cannot control.
can not wait for november to vote these people out,enough of taxing the taxpayers to make it and your cronies projects.
really disappointed in our city leaders.

Lisa Brinton Thomson June 16, 2018 at 10:36 am

“The city is willing to work with any property owner of Phase One and Phase Two, as long as it is within the bounds of the agreement,” Rilling said in a statement. “To ensure these contractual obligations are not disregarded we are considering all of our options – including litigation. This is not personal, as any party who sought to buy this property is bound to this agreement.”

“So long as it is within the bounds of the LDA?” “Not personal?”
What about the LDA on 95/7 and the multiple changes to that gigantic parcel of land for GGP that won’t generate any property taxes until most senior homeowners are dead, lower income residents in SoNo have been forced out and middle class homeowners have sold their properties at a loss.

What about POKO’s multiple non-compliance and LDA defaults, the last which was in 2014 when the city could have salvaged Phase I and did nothing!

Now, the city wants to give up to another $15m in tax credits for the West Ave corridor area via its Innovation District!!!

Here’s a guy that doesn’t want my tax dollars and now the city talks tough? Everything at city hall is personal and it’s why the city’s land use flounders and residential property owners pay for it. No professionalism – just good old boy cronyism and apparently no commercial real estate expertise. Guess, we all learned today, Mr. Milligan is not in their club!

Rick June 16, 2018 at 12:46 pm

Jason as we all should know one of our city lawyers was highlighted in Greenwich representing a group on land use, the group doesn’t want to see land developed.So they found a Norwalk expert shame we didnt have one with Firetree and others.

The same mouthpiece that told Quintard ave shut up and live with it, and then lied to us and treated us like we were dirt.We still have not been told the deal by city hall and thats even with Josh, no communication no respect nothing.

With that said one has to wonder what was promised to whom on wall st by our trusted leaders. Its obvious you had to cover your own a$$ while they circled the wagons.

The democrats own this they backed and fought to maintain this circus but we are seeing even they realize something is up and has been for years at city hall.

Shame on the republicans that are not standing next to you in any picture its time they wake up the city has been sold.

The mall owners whoever it is this week are planning all over the country changes in their malls. No need to build a hotel they have the mall with an empty canvas all the time playing with the RDA.

Your smart you see what wall st can be and with the mall it cant be developed the way the henchmen want.

Those who have paraded thru city hall backing the wall st and mall projects were pawns they were townies sold on old time ties old time thoughts old information. First graders could of found the same info online city should use caution they were trouble.

The day they announced GGP bought the mall city hall ignored all input on caution and went with shiny shovels with a closed railroad bridge in the background built wrong and wasn’t opened for a long time until it was corrected, state said fix the bridge and give it to us right and we give yo back the street.Duff knew it it was spelled out on line.

Whats Stantec have going on with wall st, has the city made plans after realizing the mall is going to drain the city. Hotel condos apartments and offices at the mall is possible, they gave the city money they own the city now and Stantec who has worked with the new mall owners and grew up together in Canada they have plans.

Water main break last night on Beldon? Power outages around the city crime is rising in Norwalk but dropping everywhere else yet we have those who live in a bubble thinking its not that bad.

Look around its all working against us, Norwalk takes drug companies to court lets teach them a lesson big headlines a few weeks back now Rocky Hill is losing one of the companies Norwalk is suing creating job loss, yet the news outlet forgets same company in Rocky Hill pulling the plug has huge office where else in the State of Ct? yes its Norwalk and maybe 300 jobs?

https://www.nancyonnorwalk.com/2018/04/norwalk-retains-legal-help-in-financial-pain-caused-by-opioid-epidemic/

was it worth it Ed ? rumor has it Norwalk wont win anything, this company has given a lot to Norwalk and then we take them to court? Nice move

https://www.ctpost.com/business/article/Pharmaceutical-distributor-to-close-Connecticut-12998491.php

Jason you have a target on your back its not right we don’t have a city we have lawyers running the show , not for us for them.

I suggested a block party if everyone who has been screwed by city hall last couple of years show up you will need crowd control or lets just take over city hall some night standing room only .

EnoPride June 16, 2018 at 12:55 pm

Wow. This whole situation is saddening. I am disappointed in our city leaders as well. I too will be voting differently. This group seems to not be able to play well with others and compromise in this situation which would markedly jumpstart the Wall Street area. They would rather halt progress, send Mr. Milligan packing, and consider it a victory that stagnancy will live on and no progress will be made in that area for an even longer period of time.

“Norwalk, The City of Blight”. Thank you City Hall, for never placing the numerous blighted areas which dot this city of utmost priority. Has City Hall proactively sought out any better short term plan to clean up Wall Street, or do they prefer turning away someone who has presented the best deal to come down the pike, someone with what sounds like a compelling vision who can help recusitate this run down, war zone looking landscape? Please hear Mr. Milligan out rather than shut him out, City Hall. At least give him a chance to sit down and work with you. It could be a win win situation.

City Hall, the surrounding towns’ residents whose city salaries you are competitive with would be banging your doors down and holding you accountable about this type of blight. It just would not be gotten away with in those communities. Blight of this magnitude to them is just flat out unacceptable, period. As it should be. Yet Norwalkers have had to live with terrible blight for decades! Where is the enforcement here? Can City Hall realize that they are lucky to have Mr. Milligan want to invest in this long overdue area, and that this opportunity with a willing developer may not present itself in the urgent near future again? Can City Hall put the needs and wants of the residents and business owners of the Wall Street area first here? They deserve to be put first.

Why can’t City Hall work out a deal with Mr. Milligan to launch this area which has been blighted for longer than most people deem acceptable? Instead, they choose to outnumber and ambush him at a meeting that Wall Street residents who have a right to chime in on are shut out of to threaten lawsuits? Pretty one sided approach. City Hall has displayed consistent inaction, and in this case, resistance, in trying to get this Wall Street area lifted up out of the ashes.

Hugh Sling June 16, 2018 at 2:45 pm

“It has always been and continues to be our hope to see this project finished. As is standard practice, we cannot acknowledge or comment on any potential or ongoing negotiations,” Norwalk Communications Manager Joshua Morgan said in a Friday email.

“We”? “Our”? He lives far out of town and has been here for 3 weeks.

Cecilia Andy June 16, 2018 at 2:47 pm

It is astonishing that city attorneys refuse to stand up to protect residential neighborhoods from commercial elder care facilities charging $5,000 – $6,000 per room and half way homes yet conduct themselves like bullies with who appears to be a reasonable open minded developer. . . no wonder why the grand list is stuck in the mud as taxpayers face a 4% increase this month.

Jason M. June 16, 2018 at 4:00 pm

If Mayor Rilling shows leadership and the city swallows its pride then we can start working on solutions.

If Mario Coppola is truly the one in charge of this city then we will be plunged into a legal abyss.

This whole situation is actually 100% a Redevelopment Agency issue to solve. If they believe that their agreement-the LDA has been defaulted on then they have clearly defined steps to follow. The LDA is very long and complicated, but it is surprisingly clear on the steps to follow in the case of an “unauthorized transfer”.

Hopefully, that is the course that is followed. Then the level-headed members of the Redevelopment Agency can contemplate the various options.

Mitch Adis June 16, 2018 at 5:49 pm

Didn’t GGP do the same thing as Mr. Milligan? Why did they welcome GGP but not Milligan?

Rick June 16, 2018 at 9:36 pm

Maybe once GGP stops laughing at the city they can tell you Mitch. Norwalk was the only city left in the country to give GGP the deals they got the shareholders were ecstatic even the CEO was rewarded.

Take today as an example, East Norwalk was short an engine company as both boats were at an island off Norwalk, cant be two places at once while other parts of the city had what would be coverage for East Norwalk in other places of the city working. No one is sitting around like the Maytag guy waiting for the phone to ring our firefighters were busy today just like every day.

use Westport firefighters math and think all the new buildings in Norwalk and the mall is Norwalk heading in the right direction?

We had cheerleaders out here for Norwalk fire saying we need help we call for it but as you can see some towns are having their own problems.

https://www.thehour.com/news/article/We-are-no-longer-able-to-protect-you-12988288.php

NorwalkProud June 17, 2018 at 10:25 am

So let me get this straight…the mayor is upset because he feels like he was lied to and someone was not forthcoming with him? Sounds like the pot calling the kettle black..the mayor is consistently not forthcoming when asked to comment on important things..you don’t like it Mayor? Now you know how many citizens feel since you can be charged with doing the same thing.

Spam of Control June 17, 2018 at 10:30 am

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Claire schoen June 17, 2018 at 10:45 am

This does sound like a complete mess, and I don’t know enough to sort it out – but I think Mr. Millignan’s lack for transparency with the city indicates that he’s not quite the white knight he is painting himself to be here. The fact that he already owned the properties is no small detail.
What I really don’t understand is why all parties involved can’t sit down in a room together and hash this out. Get rid of the lawyers and talk to each other.

Sid Welker June 17, 2018 at 10:11 pm

Spot on Claire. Somethings not adding up. The cities been waiting for a white knight to slay this tyvek dragon and now all this? Somethings fishy here.

Jason M. June 18, 2018 at 8:50 am

Claire,

My “lack for transparency”?

If you have followed this story at all you will not that I publicized the fact that I had Poko II under contract. I explained that Citibank had a 10 day right of 1st refusal to match my offer price and terms and that if they did not I would close the next day. I publicized the dates.

I wrote an Op-Ed about why Wall St has languished and explained what is needed to fix it.

I have provided unprecedented transparency. The city is thrown off by the transparency. They much prefer to work in secret.

They continue to try to bully and threaten me. Why not engage in a discussion about solutions? I am happy to discuss with anyone who genuinely has an interest. If that means you then feel free to contact me.

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