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Just One Question About Leases…

If the mayor really believes that the city is not bound by leases of over 30 years because they’re not legal, why hasn’t he terminated the 50-year lease with Zoo Development Corporation which gives them:

Complete control of the Zoo.
The right to raise admission prices up to 25% in a single year.
Free water and sewer service (~$70k per month value).

Additionally:

The city pays for all their electric and gas charges.
The city pays ZDC a yearly fee for managing the property.

Just askin’, that’s all….

This entry was posted on Friday, February 29th, 2008 at 10:35 am and is filed under Random Rants. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Just One Question About Leases…”

  1. Royko Says:
    March 1st, 2008 at 12:36 am

    I did the valuation of the FS#!/ Central Water Works lease deal where Jordy gave it to Tilman for a pittance. The maximum term is forty years.

  2. Ubu Roi Says:
    March 1st, 2008 at 8:38 am

    Funny that the mayor isn’t raising a stink about that one either.

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