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| OK - desperate! |
bruce-church (https://bruce-church.myopenid.com/) has left a new comment on your post "Report to WELS - Two Headquarters. Two Felony Arre...":
It would seem that all deals for buying the WELS HQs have fallen through, since otherwise we would have heard of good news by now.
Why the WELS can't sell its old HQ dual buildings is that there are plenty of vacant properties in good condition, and businessmen are getting great deals directly from cities to move businesses in and buy buildings, e.g., low interest loans (bond issues), no property tax and/or sales tax for years, and no broker's fee. Thus, why buy WELS' old HQs and pay a broker's fee when one is essentially paid to buy another building elsewhere.
Cities are dumping their brokers since they do better selling directly, and the WELS may have better luck selling the property on its own, say on CraigsList, or Ebay.
Just as they got a great deal on the new HQ bldg in Pewaukee, they might have to give someone else a great deal on their Milwaukee property since it needs so much fixing up. Yes, we know they are all hardshell Calvinists at heart and want to drive a hard bargain, but now may be the time to let their Lutheran side show, and give someone else a gracious break so the synod can move on. Besides, that is one ugly building:
Beloit: City buys back development right to 56 acres:
http://www.beloitdailynews.com/news/city-buys-back-development-right-to-acres/article_4e80e5fa-492d-11e2-b38b-0019bb2963f4.html
“Most of the business came through the public sector side, and did not come through the private brokerage side,” he said.
Under the original agreement, MLG received a brokerage fee and a portion of the proceeds from the sale of any land, Arft said.
“It’s quite clear that MLG is an albatross around our neck,” he said. “It didn’t intend to be that way, but that’s exactly what it is. If we are going to be flexible and be aggressive the only way to do that is to dispose of our relationship with them.”
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bruce-church (https://bruce-church.myopenid.com/) has left a new comment on your post "Report to WELS - Two Headquarters. Two Felony Arre...":
I've sometimes thought that this ugly building right across the interstate from Ruel Schultz's old church in W Allis (Woodlawn) was designed by the same architect who built the WELS synod HQ:
http://goo.gl/maps/QULlB
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GJ - Where's my eye-bleach? That building is horrible. Didn't the architect used to design Holiday Inns?
