Does Anyone Know what is happening at the city owned space in the new garage that was leased out to a private company at a $loss to the taxpayers?
Original post made by An Observer, Another Palo Alto neighborhood, on Jul 2, 2007
Are lease rates downtown highter now than then?
Their pliosphy: city Can't wait for new bids to be submitted! Must take low bid quickly.
At the same time the city leases space downtown at a cost of at least $500 plus a square foot for a fairly short time. and I think a cost of over 3 million dollars for 7000 sq ft space. Plus the cost of remodeling the place.
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