February 17, 2009
My disapproval notwithstanding, if the Legislature authorizes The W to sell the Carrier Lodge property, it is imperative that the school receives the maximum amount available from ANY willing buyer. This means no private, non-competitive purchase.
Since we are asked to assume that The W desperately needs the money from the sale, we must also assume it needs as much as anyone is willing to pay above the appraised value.
Ben C. Toledano, Columbus
Kim Kimbrough commented at 2/17/2009 3:06:00 PM:
Ben Toledano is right. In fact, bring in a real estate auction company, take bids to provide a threshold sale price, make the bids public, allow these threshold bidders to come to a live, public auction and allow highest bidder to purchase the property. Threshold bids to gain entry into an auction will also insure a guaranteed minimum price and the university/auction company can require threshold bidders to provide proof of funds/line of credit. As well, taxpayers should ask for how the funds will be used since this is a publicly funded university. As a state taxpayer, I wouldn't want any of the money going to frivolous things like paying ad agencies for pop psychology surveys on name changes.