There’s so much I’d like to say about the deal but I’m going to leave it for the moment that we’re still in escrow, we always have been, we have not withdrawn or failed to perform in any way, we intend to close and working with the City has been a learning experience.
We still love the fire station, I still intend to close the deal and buy it but everything has been at a standstill while we all (Wayneco and the City Real Estate Dept.) waited for the BoS to vote to approve resolution # 101479. Last Tuesday, Feb 15th, they did approve a highly edited & rewritten Feb 9th version, submitted by the acting City director of Real Estate.
Now we all wait for Ed Lee to sign the approved resolution into law.
Then and only then will we have an opportunity to complete this deal and close escrow.
I’ll post more when I can, I’m a quite open person about all my dealings but while the deal remains unfinished, there’s really only so much I can say except that we’ve been working with the City since we won the auction on 23rd November to get this done and it’s just taking a long time to wind through the required legislative and bureaucratic process.
We’re now happy to report that Wayne successfully closed escrow on the firehouse Tuesday afternoon. And according to the Business Times, it’s with hopes of rezoning the property for mixed use “with a restaurant on the ground floor and two residential units above.”