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Tuesday, May 25, 2010

Bryce quiet about latest parking garage deal

Troy developer David Bryce wouldn't say definitively whether or not he would accept the latest deal from the City Council for the sale of the Uncle Sam Parking Garage, but did say that he is still hopeful that a deal can be reached that "works for everyone."

Bryce said that he hasn't personally seen the latest deal, up for vote at the next regular City Council meeting on June 3, but that his lawyer, William Doyle, may have received it. Bryce said that for now he is leaving it up to Doyle to find an acceptable deal.

Doyle declined to comment, referring all questions to Bryce.

The latest proposed deal was presented by Councilman Kevin McGrath, D-District 1, at the City Council Finance Committee meeting on May 20 after a proposed ordinance to reconsider the original sale of the garage -- which failed in a narrow vote in February with one abstention by Ken Zalewski -- submitted by Mark McGrath, R-District 2, was ruled out of order because Mark McGrath did not vote with the majority on the original deal. The latest deal is similar to an interim contract submitted to The Record by Kevin McGrath that was later deemed illegal because it set and froze an assessed value for the garage for a period of ten years.


Kevin McGrath said that he has exhausted negotiations and that this is the deal they are offering to Bryce, "take it or leave it." Mayor Harry Tutunjian has already said he doesn't believe Bryce will take the deal.

Bryce said that he just wants to bring business to Troy, but wouldn't say whether or not that involves accepting this latest deal for the sale of the garage.

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