September 16, 2:28 PM click here to comment > 2
More on MOHAI
On June 22, 2010, MOHAI and city staff reached a tentative agreement that MOHAI would receive $7 million from the sale of the city-owned land on which their building currently sits. Shortly after, MOHAI announced that they had successfully negotiated the sale of their city-owned building to the state for $40 million, $30.5 million more than anticipated. The mayor forwarded his legislation to Council approving the $40 million for MOHAI, but leaving the question of proceeds from the future land sale to a later date.
“We are facing a $67 million deficit,” said Mayor Mike McGinn. “The question before the City Council is this: now that MOHAI has received $40 million from the State for the sale of the city-owned building, $30.5 million more than expected, does it make sense to give them an additional $7 million of tax payer dollars? At a time of very difficult cuts to basic human services, community centers and libraries, it doesn’t make sense for one nonprofit to get all it can out of the city.”
Carl Marquardt, McGinn’s legal counsel, recently posted about this issue on our blog. You can read his walk through of the issue HERE:
Posted by: Aaron Pickus, Spokesperson