I'd call the police but it looks like they are in on it.
The NOPD has lobbied for new space for years, and Kirkpatrick has made it a top priority since taking over the department in October. Initial lease terms were agreed to in January, but some council members said they had been blindsided when it was unveiled to them in March.
Now a revised lease, up for council consideration in a special meeting on Wednesday, would add significantly more space at a higher cost per square foot. The latest draft adds a third floor to the space at 1615 Poydras Street and increases the total square footage from about 45,000 to 69,000.
The lease rate increases from an average of $170 to $180 per square foot over a decade.
If the New Orleans Police Department occupies the space at 1615 Poydras for all 10 years, the city will pay a total of $12.4 million, an increase from $7.7 million under the initial deal for the smaller space earlier this year.
Mayor LaToya Cantrell’s administration did not immediately respond to questions on Tuesday as to why it wants to add more space and agreed to pay a higher rate.
Good luck getting an answer out of them. Maybe it will be on the next podcast. Otherwise maybe FOIA some emails. You know, while that is still legal.
Anyway... previously on Flip This Office Tower we learned the city had been in talks over this lease for at least six months before Frank Stewart sold the building. Not sure where this sudden escalator clause came in. We keep hearing that downtown office space is a soft market. What happened?
No comments:
Post a Comment