Letter to the editor: Four Points transparency

Posted 5/20/21

 

Four Points recently withdrew their Development Application for the Digger Field and Bus Barn development to allow them to talk with public officials freely. When will they talk with the …

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Letter to the editor: Four Points transparency

Posted
 
Four Points recently withdrew their Development Application for the Digger Field and Bus Barn development to allow them to talk with public officials freely. When will they talk with the public freely? No rules against that. I am still waiting to see this “transparency” we were promised last year.
When I first saw Four Points’ resume at the online School Board meeting what jumped out at me was that some of their partners are venture capitalists (VC). A typical VC capital requirement is to get 10 times your investment within 5 years. Which works for something like the iPhone but not real estate. That is one level from Tony Soprano money. Of course, Four Points is not applying VC expectations but I fear that overly high expectations could be their corporate culture.
In order to get higher rates of return you need higher building density and prices. This does not fit the more intimate scale and affordability of the Clear Creek Community. If this was typical private property that might work but this is public property that should benefit the community which owns it.
The public should be involved in the process now, not wait for “negotiations” to be made behind the curtain. We should have a community forum for everyone to see the plans and discuss it all now.
Please get involved in the Four Points development public process.
Mike Caistor,
Idaho Springs

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