*****edit*****
We were looking at the wrong property. The post was not correct so we are taking it down.
Our apologies.
Brutus
elpasospeak
City of El Paso debt=$2,670,400,000, county and school district debt=$1,600,000,000. Total $4.27 billion. Your share $19,350
elpasospeak 
I know that logic has no place when talking about city government, but why not just sell the land to EPISD, saving them tons of bucks, and making a few for the city? And, just cancel that other long term lease, and use that land for whatever it is that the city says it “wants?”
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The city is used to having deal terms dictated to them by prominent campaign donors and so does not understand negotiation on behalf of the tax payer.
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Who is the leasee?
How much income does the city receive annually from the ground lease?
Did the agreement include a provision requiring the leasee to commence development by a certain date?
If the answer to the last question is yes, why has the city not sued to void the lease?
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earlier comments also need to be removed
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Actually there is another property at the airport that was what we were thinking about in the original post.
We just identified the wrong property.
Brutus
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