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May 24, 2007

Developers plan to build a hotel instead of housing in historic Alaska Building

You say "So what? It's their property. Are we all communists?"

Not so fast. Read deeper:  "In exchange for more downtown housing, Seattle politicians agreed two years ago to take a lower price for the historic Alaska Building than it might have fetched."

Again, they explicitly accepted a below-market price for the property because they thought...well what did they think? They couldn't have thought that the developer had promised to do only housing — or else they would have had a deed restriction or what have you. In all sincerity people change their minds or forget. One of the reasons we put things down in writing is to remind both sides of a deal what the deal was all about.

Some people refer to the City Council as the "clowncil." The name makes more sense every day. Don't send children to do the work of adults.

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If they had any common sense, they would have notarized documents detailing this... and thus would either ask for additional funds, or fine them for violating the terms.

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