tag:blogger.com,1999:blog-29571009.post6996365481496691264..comments2022-03-02T17:47:57.151-08:00Comments on Edmonds School District Weblog: Blog welcomes Seattle Northwest SecuritiesESD15.orghttp://www.blogger.com/profile/13226260553219032275noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-29571009.post-36161070629691734162008-04-21T17:38:00.000-07:002008-04-21T17:38:00.000-07:00The District always assumed that the entire site w...The District always assumed that the entire site would be re-developed. <BR/><BR/>I say "re-developed" because the volume of soils removed and replaced to accommodate the FieldTurf installation would surprise even the most seasoned developer.<BR/><BR/>Also, playfields should not be seen as undeveloped land. Constructing those playfields was no simple undertaking and I would suspect the money spent on maintaining them would be no small sum.<BR/><BR/>Every developer's proposal assumed the entire site would be developed. Every developer's anticipated profit was built upon such an assumption. Trim away the fields and the project may not be worth the time and effort.ESD15.orghttps://www.blogger.com/profile/13226260553219032275noreply@blogger.comtag:blogger.com,1999:blog-29571009.post-21198739073174406922008-04-21T14:02:00.000-07:002008-04-21T14:02:00.000-07:00Just the point. Did SNWS consult for the District ...Just the point. Did SNWS consult for the District BEFORE the Lynnwood High bond vote, making projections on the entire complex (ball fields included) and are now coming back to reassess since it looks like the District may have ASSUMED that the city would go along with giving up the ball fields but now is having second (first?) thoughts about not doing so? <BR/><BR/>Or perhaps the District failed to understand the correct status of the ball fields and what control they had over them. Or perhaps there was a quid pro quo with someone at C of L that didn't work out as planned.<BR/><BR/>Frankly, I always thought that it was a weird physical situation to plan to build a major strip mall with a narrow access road BEHIND some city ball fields; it just never made sense to me. How much $$$ has the District and City put into those fields in the past 10-12 years?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29571009.post-7598375096718396852008-04-20T15:46:00.000-07:002008-04-20T15:46:00.000-07:00SNWS is a reputable agency. I have no doubt they ...SNWS is a reputable agency. I have no doubt they are doing everything that they can to guide the District through this process.<BR/><BR/>However, they are just forecasting revenues based upon current conditions. If those conditions change, anticipated revenue will be impacted. <BR/><BR/>If the District ends up with less dirt to lease, the value of any front-funding would be impacted.<BR/><BR/>With the passage of the simple majority threshold, every capital expenditure should see the light of day. <BR/><BR/>Why hand a fortune of capital revenue (on an annual basis) to people that shovel business to friends. Voters should have a chance to sink a bad idea - before it gets much worse.<BR/><BR/>Thank you for reading.ESD15.orghttps://www.blogger.com/profile/13226260553219032275noreply@blogger.comtag:blogger.com,1999:blog-29571009.post-60362260023447026062008-04-20T15:24:00.000-07:002008-04-20T15:24:00.000-07:00It is unclear to me whether SNWS is just arriving ...It is unclear to me whether SNWS is just arriving at the scene or has been the architect of a plan which has crashed and is in need of triage.<BR/><BR/>Please tell us that the voters of Edmonds SD haven't voted bonds to build a new high school on the promise that the ground lease for the old building will add substantially to the funds available for future capital projects and a firm is ONLY NOW coming in to figure out how much money that might be. <BR/><BR/>Please tell us that "unforseen" issues are requiring a "review" of the plan. <BR/><BR/>Or maybe we don't want to know that after all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-29571009.post-33664861721138665532008-04-18T18:09:00.000-07:002008-04-18T18:09:00.000-07:00Welcome Seattle Northwest Securities! Always good...Welcome Seattle Northwest Securities! Always good to have new readers. Hope you learn lots from the Blog.Anonymousnoreply@blogger.com