Two West Yes Third Coast No
In return, the development firm will pay the city $15,000 for the extension and raise the agreed-upon purchase price of $2 million by the urban CPI at closing. Two
"I think my company has been able to pull off every project we've undertaken. I don't take this (extension) lightly," said Sam Cummings, president of Second Story Properties, which has partnered with RSC Associates of Chicago in Two West.
Parking commissioners also recommended last week that the offer from Third Coast Development Partners to buy two-thirds of the city-owned downtown parking system be rejected. Commissioners felt the sale was not in the city's best interest.
City commissioners are expected to review both recommendations next week.