Wallstreet is Dead aka: FOR SALE

Guest · Post by **Guest** » Wed Dec 29, 2010 3:00 pm

oh, did I forget the </sarcasm> tag?

iamjacobm · Post by **iamjacobm** » Wed Dec 29, 2010 3:04 pm

Haha sorry I try not to assume sarcasm on the internet b/c hey you never know.

ShawJ · Post by **ShawJ** » Wed Dec 29, 2010 3:38 pm

The hole would be better used to start our subway system.

Post by **Brad** » Wed Dec 29, 2010 3:44 pm

ShawJ wrote:The hole would be better used to start our subway system.

Exactly!

DTO Luv · Post by **DTO Luv** » Thu Dec 30, 2010 12:35 am

Guest · Post by **Guest** » Thu Dec 30, 2010 11:00 am

I'm surprised you didn't take the opportunity to scale that fence.

Post by **Brad** » Thu Dec 30, 2010 11:20 am

Anonymous wrote:I'm surprised you didn't take the opportunity to scale that fence.

You know it would hold him...

StreetsOfOmaha · Post by **StreetsOfOmaha** » Thu Dec 30, 2010 2:14 pm

Great shot, D'Shawn.

Tornado · Post by **Tornado** » Mon Jan 03, 2011 9:56 pm

Just for the heck of it I went to the Wallstreet tower website thinking that it would no longer exist, but no it's still alive and kicking.

Â Please tell me the sales offices are closed. I still can't believe Townsend or the city will not release some type of information on what's next for that block.

nativeomahan · Post by **nativeomahan** » Mon Jan 03, 2011 10:21 pm

Why isn't this thread in the Projects Never Built section?

ShawJ · Post by **ShawJ** » Tue Jan 04, 2011 12:23 am

nativeomahan wrote:Why isn't this thread in the Projects Never Built section?

I'm guessing it'll be moved over there in the next 60-90 days.

Guest · Post by **Guest** » Tue Jan 04, 2011 8:22 am

Let me reiterate, the City can not simply take back the ground. Â Ownership has been transferred. Â The City could take it to court and who knows what could happen there but the City does not have the option to just kick Townsend out for free.

icejammer · Post by **icejammer** » Tue Jan 04, 2011 8:29 am

nativeomahan wrote:Why isn't this thread in the Projects Never Built section?

Because the Wallstreet thread is already in that section? Â And this is just a rumor in the rumors section?

Guest · Post by **Guest** » Tue Jan 04, 2011 8:40 am

Anonymous wrote:Let me reiterate, the City can not simply take back the ground. Ownership has been transferred. The City could take it to court and who knows what could happen there but the City does not have the option to just kick Townsend out for free.

So, very likely it could be a hole in the ground for several years?

nativeomahan · Post by **nativeomahan** » Tue Jan 04, 2011 10:21 pm

Maybe they can fill the hole with water and stock it with rubber ducks.

Guest · Post by **Guest** » Wed Jan 05, 2011 8:21 am

I am curious if the sales office is still open as well. Â Has anyone checked it out?

Although the the Townsand did only pay a dollar for the land, he has invested millions in the sales center and demolition so there has been alot of investment so it seems it is his land to sell.

nativeomahan · Post by **nativeomahan** » Thu Jan 06, 2011 9:24 pm

Maybe the city should take it by eminent domain, give him his dollar back, and start afresh.

Bosco55David · Post by **Bosco55David** » Thu Jan 06, 2011 9:48 pm

I still don't see how people are claiming this is Townsend's land free and clear. It's been pretty widely reported that in exchange for practically giving him the land he had to sign a clause promising to develop the land. That hasn't happened, so if the city wants to take back the land it appears they are well within their legal right to do so.

Guest · Post by **Guest** » Fri Jan 07, 2011 8:02 am

The models are on City property and the City is working to get that one under control and ready for permanent construction. Â The Wall Street site, for better or worse, was sold. Â Regardless of what some think the agreement said, the City felt that the project was moving forward and went ahead and transferred ownership. Â Probably a bad move but nonetheless, getting it back will require money, legal action or both.

S33 · Post by **S33** » Fri Jan 07, 2011 8:13 am

Anonymous wrote:The models are on City property and the City is working to get that one under control and ready for permanent construction. Â The Wall Street site, for better or worse, was sold. Â Regardless of what some think the agreement said, the City felt that the project was moving forward and went ahead and transferred ownership. Â Probably a bad move but nonetheless, getting it back will require money, legal action or both.

Smoooooooooooooth.......

Bosco55David · Post by **Bosco55David** » Fri Jan 07, 2011 6:15 pm

Anonymous wrote:The models are on City property and the City is working to get that one under control and ready for permanent construction. The Wall Street site, for better or worse, was sold. Regardless of what some think the agreement said, the City felt that the project was moving forward and went ahead and transferred ownership. Probably a bad move but nonetheless, getting it back will require money, legal action or both.

If the sales contract had a clause in it protecting the city's interest should Townsend not follow through on development, then the ownership of the land would easily revert. Sure, Townsend could probably fight it in court but I highly doubt it would be successful.

cdub · Post by **cdub** » Wed Feb 09, 2011 4:24 pm

I'm hearing now that condemnation is an option and the existing appraisal is 3.5mil.