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Agreements indicate multiple ways for Fritzel entities to profit from Rock Chalk Park project

The size of the contract does not matter. Most of that $ is a result of materials, labor, and other inherent risks involved with construction (ie insurance, utility payments, etc). He was effectively offering the city a cost-plus arrangement in which case he stands to make very, very little money--if any. The only benefit he would have would be the improvement to the land, which is only slightly improving due to the recreation center and massively improving due to the remainder of the development package.

Just because big numbers are being thrown around doesn't mean he stands to gain very much. These people that are now bidding for the project in the traditional sense are going to make much more money than Fritzel's original offer. Go through the numbers once this is all finalized and you will see.

February 19, 2013 at 7:05 p.m. ( | suggest removal )

Agreements indicate multiple ways for Fritzel entities to profit from Rock Chalk Park project

Here's the main question to me. Why can't he benefit financially? Is that wrong? Second point: he is NOT benefiting financially from the rec center, which after all is what this is about at the meeting tonight anyway. I would imagine he is pretty indifferent toward the construction of the rec center, to be perfectly honest, it doesn't impact what events can and cannot come to the RCSP.

Why should he "at least be donating" anything? Would you? Would anyone else on this website "donate" something to the city because they have more money than someone else? That is completely foolish to think or expect that. It comes across as entitled... Again, why should he "split the expense to build the rec center" if everyone on here shouts at him for trying to make a profit instead of another charitable donation? Actually, he was going to do the city a favor early in the process by effectively financing the rec center as well for the city much like he is doing for the KU Endowment but everyone threw their arms in the air stating he was trying to pull a fast one when in fact, he was allowing the city to get a better product for a smaller price tag.

The benefit to you, the city, is you are paying $25M for a facility that will be valuated FAR higher than that upon completion. And the land? Try buying that lot that the rec center is going to sit on for $785,000 on the open market after this all is built. Impossible. Also, that $785,000 actually will be PAID for by Fritzel when he is tagged with an additional $785,000 bill for the infrastructure costs that THE CITY will now not have to pay because their cap will remain at $25M before and after that $785,000 contingency.

I don't care if everyone has a problem with the way the city does things, but this is not the fault of Fritzel because he is proposing a business model that will work for his company (not charity). There is such a thing as 'mutually beneficial' without it being illegal.

Do not use Fritzel as the scapegoat because you don't think the city needs a $25M facility. That was not Fritzel's idea nor does it benefit Fritzel in any way.

February 19, 2013 at 6:28 p.m. ( | suggest removal )

Agreements indicate multiple ways for Fritzel entities to profit from Rock Chalk Park project

Wait a second, lets get something straight here. The CITY approached KU and Fritzel for the partnership, not the other way around. The success of Rock Chalk Sports Park has absolutely zero to do with the location of the Recreation Center. KU gets tax abatements from the city all the time, but since Fritzel's name is attached suddenly he's "a crook" for doing his job as a developer.

February 19, 2013 at 5:35 p.m. ( | suggest removal )

Agreements indicate multiple ways for Fritzel entities to profit from Rock Chalk Park project

I promise he won't make money off of recreation center membership sales, parking fees at the recreation center or smoothie sales inside.

This really has nothing to do with the recreation center, in fact, it is fairly obvious now that Chad has an axe to grind with the Fritzel family.

February 19, 2013 at 5:30 p.m. ( | suggest removal )

Agreements indicate multiple ways for Fritzel entities to profit from Rock Chalk Park project

AS INDICATED ABOVE, these agreements have to do with Bliss and KU Endowment's relationship not the relationship between the city and Bliss, or the citizens and Bliss for that matter. Fritzel made a VOLUNTARY DONATION to the KU Athletics Department and everyone is trying to crucify him for what he could hypothetically make off of concessions, he has a right to make money off of his generous offer. Too many people out there on a witch hunt.

February 19, 2013 at 5:28 p.m. ( | suggest removal )

Lawrence not alone in considering regional recreation center, researcher says

Dramatic. The Jayhawk Invitational was moved out of Lawrence because the community could not meet the gym space requirement to host the number of teams registered. It is now held in Olathe.

The championship game was always played in Allen Fieldhouse (contrary to your statement), and I can speak from experience, it was the highlight of my childhood when I got to play on the court for the first, and only, time. In fact, my family was from out of state and this was the AAU tournament that we always highlighted in our calendar as a family vacation weekend and I still have very fond memories of going out to eat with my teammates, staying in hotels in lawrence, and playing against other teams from out of state. I am sorry if you feel that Lawrence is a one-trick pony but this is a place that families will always want to bring their kids even if you continue to have a pessimistic view of our community.

February 18, 2013 at 3:47 p.m. ( | suggest removal )

Lawrence not alone in considering regional recreation center, researcher says

...and the city. It has much higher revenue potential as a entertainment venue to GO ALONG with providing the city its required functionality.

February 18, 2013 at 10:49 a.m. ( | suggest removal )

Lawrence not alone in considering regional recreation center, researcher says

I think you are seriously underestimating Lawrence's pull as a basketball and recreational hub. It has PROVEN to be successful and outgrew the city.

February 18, 2013 at 10:47 a.m. ( | suggest removal )

Does Lawrence really have a shortage of gyms?

It's clear Chad is not hiding his feelings regarding the Rec Center anymore...

February 18, 2013 at 1:53 a.m. ( | suggest removal )

Lawrence not alone in considering regional recreation center, researcher says

All opinions are welcomed but think its time for a different opinion to be added to the comments section of the LJWorld. I think what really would give this project legs is the one thing the city has to offer that none of these other competing towns do: KU. KU has hosted the Jayhawk Invitational for many years, and did so in town for many years until the tournament outgrew Lawrence's facilities. Teams were playing in every gym around town along with Haskell and Eudora. Lawrence couldn't support it so it had to move. Why move it out of town? Now that the gym space will be available it will come back to its rightful place in Lawrence along with many others to follow. This is why people are betting on this project to succeed because the precedent is already there.

But the biggest reasons tournaments like these will always come to Lawrence is the basketball tradition. People love to see the St Andrews of modern basketball, Allen Fieldhouse. They. Want to see Naismiths grave. They will want to see the original rules of basket ball (now that they are in town) and they will want to explore the booth hall of athletics. Now, kids will want to compete here. Some of the best players in the country compete in the Jayhawk invitational but now the tournament was moved to kc so those players aren't exploring Lawrence or spending their money here anymore. Volleyball, soccer, girls basketball will follow and people will fall I love with this community for the same reasons we all did.

February 18, 2013 at 1:48 a.m. ( | suggest removal )