Can you think of any reasons we couldn’t make the coordinated city’s counterpart to the FSP’s Statement of Intent contract legally binding, imposing large fines on anyone who fails to keep to their commitment?
Because then even fewer people would sign it. And the remaining ones will be looking for loopholes.
For a lot of people a scheme like this will be the only hope they’ll ever have of owning (a share in) any urban property
Unfortunately, those would be most scared of the “large fines”.
They have very little to be afraid of if their commitment is true, and if it’s not, we don’t want it. The commitment thing isn’t just a marketing stunt. It’s a viability survey. The data has to be good.
I guess I should add, on top of the process for forgiving commitments under unavoidable mitigating circumstances, there should be a process for deciding whether the city met its part of the bargain. If the facilities are not what was promised, fines must be reduced or erased.
Because then even fewer people would sign it. And the remaining ones will be looking for loopholes.
Unfortunately, those would be most scared of the “large fines”.
They have very little to be afraid of if their commitment is true, and if it’s not, we don’t want it. The commitment thing isn’t just a marketing stunt. It’s a viability survey. The data has to be good.
I guess I should add, on top of the process for forgiving commitments under unavoidable mitigating circumstances, there should be a process for deciding whether the city met its part of the bargain. If the facilities are not what was promised, fines must be reduced or erased.