The city is once again wasting money that we would not.
A recent Times article explained that the city has hired an out of town law firm for services related to “normal legal acquisition of real estate and for the negotiation of any contracts for necessary properties” for the future performing arts center.
The firm has been given a budget of up to $1.8 million for the services.
According to the article the firm was involved in the purchase of 18 properties and thus far the city has paid them one million dollars. That comes to over $55 thousand per property.
It doesn’t look like they did that good of a job either. According to the Times:
The fair market value of the properties set by appraisers hired by the city totaled about $9 million, and the city agreed to pay $11.6 million for them. That’s nearly three times more than the $4.4 million assessed value listed on El Paso Central Appraisal District records.
In addition to the high costs we have to question whether there are no lawyers in El Paso who could have done this work.
We deserve better