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<br />Office, park...
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<br />continued from page 1 tion, the Big Yellow Taxi Elec- Ci ty Council dcnied Royal Meanwhile, city officials are
<br />torate, to fight it. Members of Oaks' plans for a 7:~,{)()0- unsure of what will become of .
<br />plans, whkh limited the num. the citizens gwup gathmd squa<e.foot version of the the property n.ow, but it's
<br />bel' of sIgns allowed on the 268 signatures on a petition office park last year by a one- hkely the land Wlll be publIcly
<br />property and prohibited sub- urging the city to deny Royal vote margin. In the interim, advertised for sale. Incoming
<br />leasing and multiple tenants Oaks Realty's pltlns for the Eibensteiner scaled hack the Mayor Stanley Harpstead,
<br />in one unit. land. project and added more green who opposed the office park
<br />The buyers felt the office They also spoke out at sev- space, and the city had the project based on its size and
<br />units would not be a good era! city meetings, criticizing land reassessed, with its value magnitude, hopes whatever
<br />return on their investment the office park fur its lack of increasing by approximately lies in store for the site will he
<br />my longer, Eibensteiner said. green space and belief that it $600,000, from $] A million to smaller in scale.
<br />"So it just got to the point would affect nearby property about $2 million. "It would make more sense
<br />hat it wasn't a viable project values and create traffic con- With the increase in price, to put something less intense
<br />lIlymore," he said. gestion in tIle area. Eibensteiner said he figured on that particular property,"
<br />The office park develop- Many also opposed the the city would be more willing he said.
<br />nent has been in the works office park because the city to cooperate with him on his
<br />or approximately two years. never publicly advertised the plans for the land this year. }.t[eh<qan Lee can be reached
<br />everal neighbors very vocally sale of the property and, until He has invested $105,000 in at mlee@lillienews.com or at
<br />pposed the project's con- last year, had not reassessed the project so far, and is disap- 651-633-2777
<br />~ruction since its inception, its value. pointed in the loss of his time
<br />)ing so far as to form a coali- In lieu of the criticism, the and money, he said.
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