LA CROSSE, Wis. (WXOW) – La Crosse developer Don Weber gets the go-ahead from the city council to add a fourth building to the Riverside Center complex downtown, but not without some strings attached.
Weber, founder and CEO of Logistics Health Incorporated, built three office buildings and now wants one more. The city council voted to give Weber the option to buy a downtown parking lot for that purpose.
The location for the $15 million building is behind the Hooters Restaurant at Second and Jay Streets.
However, under Weber’s existing contract with the city, at least 2,000 people were supposed to be working at the three existing Riverside Center buildings. As of tonight, that number hasn’t been reached.
Wednesday night, the Common Council held a special closed session to discuss if the city should let Weber buy the lot without reaching the terms of the contract, or extend the job creation deadline.
In the end, the council decided it was fair to charge Weber for liquidated damages of up to $2.7 million.
La Crosse Mayor Tim Kabat said while Weber’s contributions to La Crosse are invaluable, no one gets special privileges. “When we discovered that the 2,000 number hadn’t been met, Weber recognized that and being true to his word and a person with integrity, he basically said that he was going to pay a penalty as part of our agreement. So we are holding people accountable.”
The Common Council ended up voting 16-0 to move ahead with the deal.
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