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Restaurateur pressing for clarity on 17 Building rights; board endorses permit application before sale subject to counsel review
Summary
A local developer named Sal pressed the corporation for clarity about his letter of interest in the 17 Building, was advised to retain counsel, and the board approved a motion allowing the developer to seek a building permit before closing, subject to counsel review and conditions.
Sal, a local restaurateur who responded to the development corporation's request for expressions of interest for the 17 Building, told the board he has repeatedly updated a submission but remains unclear whether he holds exclusive negotiating rights or a binding letter of intent.
“I'm not a contractor. I'm a restaurant,” Sal told the board as he described his plans to convert the 6,000-square-foot building into a restaurant and banquet facility and estimated, “it's probably gonna be, like, 2,000,000.” He said he wants clarity on whether he has exclusivity before spending on designs and engineering.
Board counsel and staff explained the difference between the earlier request for expressions of interest and a formal…
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