The City Taj Mahal | Letters to the Editor | Bend | The Source Weekly - Bend, Oregon

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Opinion » Letters to the Editor

The City Taj Mahal

It was back in the heady boom days when Bend's duly elected officials found themselves faced with an offer that they couldn't refuse.

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It was back in the heady boom days when Bend's duly elected officials found themselves faced with an offer that they couldn't refuse. Plunk down a few million bucks for a piece of real estate on the north end of downtown for a fancy new city hall that the city didn't need. The deal even came with a set of drawings. (Woo-ee! Would ya look at that!) Sensing opportunity, they jumped, knowing they could always bail. After all Bend real estate never depreciates, right? They should have grabbed a parachute. Instead they got a balloon - payment that is, to the tune of $1.2 million which has now come due. They'll be refinancing the rest of the $3.6 million debt, swallowing the interest while praying that they can unload the property on someone as easily duped as themselves. Where's a snake oil salesman when you need one? WTF?


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