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Monday, August 20, 2018

When do we get to see the bids?

Matthews Southwest dropped out of the Charity Hospital redevelopment sweepstakes today.
Officials said the firm Matthews Southwest did not submit plans by the state-imposed deadline of 10 a.m. Monday "due to the unexpected passing of a principal team member last week."
Well that sounds like sad news. There isn't any more information about it, though. We don't know if maybe Matthews could have asked for an extension. Probably not, given the seriousness with which we take deadlines and meetings around here.  Also it is worth asking how or if this affects Matthews's involvement in the Convention Center hotel deal. It may be that they're souring on that as well, considering the circumstances.
In the opening salvo in what could become a lengthy negotiation over whether the Ernest N. Morial Convention Center moves forward with its plans to build a high-rise hotel, Mayor LaToya Cantrell has expressed “grave concerns” about the large public subsidies being sought by the developers.

In a letter last week, Cantrell said she had “grave concerns about the amount of subsidy this project will receive and the future implications of this project on tax revenue in New Orleans.”
That was an interesting turn from Cantrell last week, by the way. It's curious to see her suddenly serious about the problem of public subsidies for private developers in this one specific case. It could just be she has a friend or two at BGR.  I wondered if maybe she was just mad at Joe Jaeger over the job he did submarining the Harrah's hotel earlier this year.  But that's probably not it since at the very same time Cantrell's letter was published, the IDB was signing off on a smaller but similarly flawed package for Jaeger's and Barry Kern's indoor golf house. Not a word from LaToya about that one. Nor do we expect there to be much objection from her over the ongoing "Spirit Of Charity" process which will inevitably lead to more TIF or PILOT giveaways to several of the usual suspects. For now, at least, it's a mystery.

As for Charity Hospital itself, well that's all up to the state and LSU to decide.  And so we are given to understand the mayor doesn't officially have a lot of say in who gets that deal. Although, in reality, she probably does have considerable input.  In any case, nobody is telling us much about it yet.
LSU’s Real Estate and Facilities Foundation, which is overseeing the selection process, did not release the two proposals Monday. But the foundation said it would make them public before Oct. 4, when LSU's Board of Supervisors could select a winner.
How far in advance will we see those bids?  There's only a little over a month left.  The two finalists were also the finalists the last time we tried to get this done so you can probably get a decent idea of what's in play by looking at what they proposed then.

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