Did you know that $20,000 is .000465116279% of $43 million?
Skin tight, Kevin. Skin tight.
River View gets a new option; Deal would extend to 2014, requires $20K and signs of progress at site, by Daniel Suddeath (News and Tribune)
... New Albany City Councilman Kevin Zurschmiede, who is also on the redevelopment commission, said he’s voiced concerns in recent months that Mainland Properties and its head, Jack Bobo, should put “more skin into the game” in order to retain the option on the real estate.
“It sounds like the developer has heard those concerns, and is willing to step up to the plate,” Zurschmiede said.
Bobo was present with other members of the Mainland Properties team to provide the commission with an update on the estimated $43 million project, and agreed to the terms set forth by Zurschmiede and the commission.