According to the Desert Sun these choice lots were not sold on the open market nor were their values appraised using appropriate comparables and the implication appears to be that by opting to sell based on valley-wide land prices (rather than Palm Springs land prices) to a selected buyer the City lost millions of dollars in potential revenue. The City's operating budget for 2015-2106 is $97m.
For its part the City's Economic Development officer, John Raymond, is quoted as arguing that a major factor in the City's decision-making was the fostering of regeneration in the City.
However these issues are raising a pall over the City's provision of financial incentives to businesses and we are concerned that efforts to help revitalize the South Palm Canyon Drive corridor may be delayed or otherwise adversely affected as a result.
Apropos which, according to another article in the Desert Sun, Mayor Pro Tem, Cllr. Paul Lewin, called last Monday for "an independent investigation into a series of land sales and economic development incentive programs the City approved...".
Given that the Mayor recently announced that he would not be running for re-election some have speculated that Cllr Lewin may decide to enter the race to replace him.