Results tagged “thecouncil”

End of May, we posted about how the city sold the Alaska Building to a developer, with the understanding that it would be turned into affordable "workforce" housing. The city took a loss of somewhere between $500,000 and $1 million because of that stipulation, Mayor Nickels was able to gesture grandly at his affordable housing gesture, and then Kauri Investments Ltd. and Ariel Development got to thinking and they were all, "Hey, you know what would be better than affordable housing is a 250-unit Marriott hotel! People who work stay in hotels a lot, so it's not even a big difference when you look at it."