[Urb]

The above is from 2021. Money up front (reimbursement as cost is incurred) would have vastly accelerated this project. Instead, it has limped forwarded and is taking a rest again. Sigh.

Is it better that the city hasn't cut a cheque yet, but the project failed?

When dealing with Strategic - absolutely. That money would've disappeared faster than a fart in the wind and the project would've still stalled out.

 

[FCC1982]

^Exactly.
The City paying all up front is not a good idea.

Perhaps some type of threshold increments would work.

 

[darwink]

^Exactly.
The City paying all up front is not a good idea.

Perhaps some type of threshold increments would work.

Oh, like reimbursement as costs were incurred

Anyways. The city will continue to city, making choices on how they wish the world to work instead of designing programs and land sales which manage risk while aligning with development and project economics to improve outcomes.

The city needs to take into account the risk of projects not going forward or not going forward fast enough as a risk to the city too.