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02-07-2014, 10:38 AM
  #827
Up the Irons
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Quote:
Originally Posted by Beerfish View Post
Sooooo, as expected the city is moving into Katz towers, when will this generosity end? At least with the massive lease from the city and immediately propping up that development the city has the option of naming the building. The city of Edmonton is going to 'revitalize' down town if it costs us every last cent.

hmmm. were they not moving into a new place regardless? if so, is it really an extra cost to us? Katz needed (or wanted) a major tenant before he built the tower.. he's dealing with the City... so, why not make a deal?

i don't think this is so unusual in business, it's just high profile, so we get to critique it.

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