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Wel…Ambrose shouldn’t have bought the land in the first place if it wasnt going to do somehting useful with it. Why doesnt Ambrose just let the city have it for what they paid for it? This ego macho stuff isn’t going to get them anywhere. Ambrose should be barred from doing any business in Indiana after pulling this stunt and wasting our resouces for nothing!
Ambrose is providing some creative storytelling in their suit. In reality, they are seeking to make a quick buck on flipping this property they got for a steal from RACER and not hold up to their promises.
I have worked with this firm (Ambrose) on several projects and have always found their standards of practice to be above reproach, honest and forthright. They have every right, having made the purchase of this from the RACER Trust, to either pursue, partner with others or finally after some very extensive and expensive due diligence, design, engineering and architectural studies, to do two things: 1. They could proceed and end up with a losing proposition, or 2. Sell the property and attempt to recoup the design studies. I am in this business and understand their position well. For the city to take this path is both ill-advised and thereby focusing a bad light on the city and one of it’s most reputable and successful firms. Mr. Bade is one of the finest men in this business I have ever met.
To the city, stand up and make a fair market bid for what you need to do here. This is miss-treatment of a valued firm in the extreme. If the city wants it and wants to be in charge here, they should have bought before Ambrose.
Bud G.
All Ambrose needed to do was honor their commitment to develope the site. It didnt happen and they wasted alot of time and resources from the city and residents because of that failed commitment. Other projects and investment’s into existing communities where put on hold so Ambrose vision could be executed. The damage done from not honoring their commitment and selling a part of the property, against the will of local residents, to the zoo is hard to measure. The community deserves better.
What’s the urgency? Land development for its highest and best use is expensive, time consuming and cyclical. Ambrose should have the opportunity to be patient, not to be forced into a transaction and it’s possible a privately held entrepreneurial developer knows better than a taxpayer supported municipality.
Ambrose is not a forthright organization — look at its track record on the Northside of Indianapolis taking the lead to destroy neighborhoods like Lacoma Estates on W. 96th Street for the Ascension St. Vincent Hospital boon doggle… http://www.springmillforum.com They need to stick with warehouse distribution centers and paint and carpet business. They are not a leading urban redeveloper as they pretend to be.
Yet DMD continues to get so much wrong.