Another consideration in the price would be property that extended beyond the RFP.
According to the plans presented, the detention basin in the White Reach plan infringed on property that is not owned by the city. The property includes right of way owned by the state to build the new section of Interstate 65 associated with the Ohio River Bridges Project. In addition, it pushed back a planned retention basin on the site into state-owned property and closer to Seventh Street.
The cost of buying additional property would also be reflected in the purchase price White Reach Development ultimately offers to the city, Reach said.
But buying additional property was not a hurdle for some redevelopment commission members.
“Some of them involve property that we don’t own ... so I don’t care what property you buy,” Lake said, referring to White Reach’s plan. “The purpose of the RFP was so you could buy all of the property in downtown. I’m not going to fault anybody for buying more property. That’s the intent is to be a catalyst.”
Eric Goodman, vice president of development with API, said it was outside the scope of what the redevelopment commission asked for in the RFP.
“We submitted a realistic plan that fits within the confines, within the guidelines of the RFP,” he said. “The other group did not. We can masterplan out the entire city, is that realistic?” he asked rhetorically.
The redevelopment commission stated its preferences for the White Reach Development plan because it included two hotels, as opposed to one, the restaurants and proposed were stand-alone buildings and that the hotels were located farther from the 10th Street gateway to the city.
Michael Fulkerson, operating manager for FDA One LLC, White Reach Development’s local representative on the project, said that the developers knew the plan devised could change.
“We realized when we did that plan that we probably were going to have to move some things here and there to make everything work out for everybody,” he said. “We want to keep in mind whatever we do on this front end funnels all the way down. We want this development to go all the way through ... working its way back to the Big Four Bridge project.”