Jerry Duncan, Fresno City Councilmember, says "I don't see it as risky at all. If the agreement's not signed, I won't support it. This is not a situation where the taxpayers need to feel their moneys at risk, this is really just a creative step to simplify the transaction and gets this project moving because we're running out of time.
" Councilmember Mike Dages feels another threat is the mayor's plan doesn't call for an open bidding process. "Right now everything is being put together for Donald Trump and only Donald Trump, there's other people that are interested, this need to be on a fair level playing field," says Dages. The attorney representing some of the unsecured creditors agrees and questions the legality of what the city is proposing.
Mike Wilhelm, attorney, says "Their ability to take public money, invest it and assemble all property, then turn around a hand this to one private developer with incentives, with no bidding whatsoever, that's going to be a neat trick too." Copyright KFSN-TV, www.abc30.
com, and myabc30.com. This material may not be published, broadcast, rewritten or redistributed without explicit written permission.
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