OK, but these developments involving the Ogden River Project, a 60-acre long-term project, concern us. We're spending money to tear down these buildings. The public needs to be confident that the business model and investors lined up are capable of bringing the river project to completion.
Standard-Examiner Editorial
OUR VIEW: Public and private entanglements
April 26, 2009
Top notch editorial in this morning's Standard-Examiner, generally arguing for greater transparency in public/private partnerships. The Std-Ex editors also specifically zero in on the undisclosed and reportedly fractured investor interests in Ogden Riverfront Development Co., L.L.P., and the prospective difficulties in confirming these anonymous investors' financial capability:
• OUR VIEW: Public and private entanglementsAlthough the city council certainly has its hands full with a variety of projects simmering on the council front burner, it seems to us that recent revelations relative to the River Project are developing an aroma reminiscent of the Bootjack Stealth Transaction, wherein Boss Godfrey secretly transferred one downtown RDA property to his friend Chris Peterson, behind the city council's back. A top order of council business, therefore, would be to determine exactly who these investors are; or so it seems to us.
And what say our gentle readers about all this?
