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Sounds like Westfield couldn’t get the price they wanted. Looks like they are stuck paying for this albatross.
Once again, an anonymous source identified as “the city” has made an announcement regarding Grand Park that the media is running with: shouldn’t there be a source tied to such a monumental decision? The RDC ? The Mayor?
Allowing this story to be published without backing reduces it to gossip or tabloid news.
William, the City of Westfield made this announcement in an official news release through its communications department. There was nothing anonymous about the source. The proposals to buy or manage the facility were reviewed by a six-man committee. Those people are all identified in the story.
As a Westfield resident, I am pleased with this decision. Westfield built it and then must maintain infrastructure that boosts taxes. While Westfield has a large mortgage to pay, we could quickly pay those bonds/loans by increasing fees to all of the out of town teams that use our facilities. Look to a Local Tax on Hotels. These out of towers are used to paying for the chance to have little Johnny or Sally a scholarship. Keep the asset!
Or just change the Zoning laws so that instead of apartment after apartment things are built that can be taxed. More sit down restaurants, shops maybe an outlet mall of some sort. Find things for people to spend money on while in town and more hotels. We were supposed to have 4 or 5 hotels not 2.