Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 Thirty-one hours left to close the deal, that's when the sales contract expires. If it falls through, I'll offer $2,000,000. @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 I'm complaining because about a year ago the City turned down a deal for $1,000,000 gross or about $250,000 net. Then you factor in the $100,000 to $200,000 the City has spent in that year waiting and you have a loss of at least $500,000 and the place still is not sold. This is just another glaring example of Ryan mismanagement and hype (not to say lies). More hot air from the hot air specialist. Nothing this guy Ryan says can be believed. @ You are laughable. It is nothing that you say that can be believed. I have never heard such a bunch of crap come out of someones yap as the crap that comes out of yours. You are truly demented. @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 How so? Are you not aware the Sale Contract was signed December 27, 2007 and had a 60-day accpetance period with the possibility of a 30-day extension? That means the Sales Contract expires on March 27, 2008. How long to you want to keep extending a deal that is obviously dead in the water? How long do you want the City to keep losing money holding the hotel? Who is paying the nearly $2,400,000 loan now due? @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 How so? Are you not aware the Sale Contract was signed December 27, 2007 and had a 60-day accpetance period with the possibility of a 30-day extension? That means the Sales Contract expires on March 27, 2008. How long to you want to keep extending a deal that is obviously dead in the water? How long do you want the City to keep losing money holding the hotel? Who is paying the nearly $2,400,000 loan now due? @ You are one wahcked out dude!!!! @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 You are one wahcked out dude!!!! @ Yes, well you keep saying that but you do not explain why that it. Anyway, the situation remaias, we have not heard of any closing on the sale. That seems to leave one business day to get it done before the contract expires. I assume it would have to close before midnight tomorow. I'd say we have maybe 24 to 32 hours to wait. Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 Yes, well you keep saying that but you do not explain why that it. Anyway, the situation remaias, we have not heard of any closing on the sale. That seems to leave one business day to get it done before the contract expires. I assume it would have to close before midnight tomorow. I'd say we have maybe 24 to 32 hours to wait. Are you joking? I have told you on many, many, many ocassions why you are a whackjob - you really need that repeated time and again? Link to comment Share on other sites More sharing options...
Guest Guest Posted March 26, 2008 Report Share Posted March 26, 2008 Yes, well you keep saying that but you do not explain why that it. Anyway, the situation remaias, we have not heard of any closing on the sale. That seems to leave one business day to get it done before the contract expires. I assume it would have to close before midnight tomorow. I'd say we have maybe 24 to 32 hours to wait. Wait for what? You dont think that if time runs out they just might create a new contract? I know before you said that meant the deal would be dead - done. While they may be possible, it is not a given, but then again you love to some to conclusions abuot things you have no information in which to do so. You aslo love to talk in circles (mostly to yourself mind you) ratehr than confront your obsessions directly. Link to comment Share on other sites More sharing options...
Guest Guest Posted March 27, 2008 Report Share Posted March 27, 2008 The deal and Mattt Ryan have no credibility. They shouo dhave taken the first offer that was for a millin dollars more. They woud lbe at least $500,00 ahead and the palce woud lbe sold. Now it sits in limbo. Sure, I suppose they can keep re-writing the contract forever and preventing anyone else from buying it. Every day the City holds it they lose money. Why is Ryan so locked into giving it to a company that bid low and doesn't have the cash that is from out of state? Ronak is NY State-based. @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 27, 2008 Report Share Posted March 27, 2008 Today is the day. The current Regency Sales Contract, not worth the paper it was written on expires today after 90-day of inaction (they shoud have used toilet paper like that guy trying to pay his water bill yesterday). Do you think MatthewT. Ryan told Mike Kearney and the Nexus Hospitality people of Scranton about his raising the water rate by 42% (66% since last year). What is Rainbow Ryan's plan now? Will they just keep re-writing the contract while the City holds the bag and loses hundreds of thousand per year on the place? So, no news today on the supposed deal. There are two days left in the existing sales contract. At the close of businessTthursday, less than 48 hours from now, the terms of the sale contract will have expired. 90 days will have passed since Matthew T. Ryan told us this was a done deal. Technically the contract wil lbe void. What then? Will the City of Binghamton just renew this bad deal and keep sustaining the costs (we do not know how much they are because the City of Binghamton, the Mayor ) will not release them, not even to City Council. Remember this: "I promise tonight to move toward 100% transparency of all city projects and initiatives, a goal which I am committed to reach by the end of this year. Reports, summaries, meeting minutes, grant applications—all of the records, your records, will be available for review online." Page 5 of 16 Feb. 13' 08 State of the City Address Mayor Matthew T. Ryan, let's see an honest accounting of the numbers. How much did it cost to heat and illuminate the hotel over the winter? How much did the city lose out on water and sewer charges? What is happenning to the debt? Is it being paid? Is it accumulating interest and penalties? @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 27, 2008 Report Share Posted March 27, 2008 Today is the day. The current Regency Sales Contract, not worth the paper it was written on expires today after 90-day of inaction (they shoud have used toilet paper like that guy trying to pay his water bill yesterday). Do you think MatthewT. Ryan told Mike Kearney and the Nexus Hospitality people of Scranton about his raising the water rate by 42% (66% since last year). What is Rainbow Ryan's plan now? Will they just keep re-writing the contract while the City holds the bag and loses hundreds of thousand per year on the place? @ @ I must say, that in my many years of experience, I have never met someone quite as mentally ill as you are Ed. Link to comment Share on other sites More sharing options...
Guest Guest Posted March 27, 2008 Report Share Posted March 27, 2008 Yes, you like to say that but never offer a shred of proof. Do you think creating fictious deals and hyping them because you have nothing good to offer is sane? Do you think taking a deal worth $1,000,000 less than another deal is sane? @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 28, 2008 Report Share Posted March 28, 2008 Did you hear the news????? Finally, we have our answer. As predicted: Financial backing still sought for Regency buy Binghamton - The city's deal to sell the Regency Hotel to a Scranton-based company (whose owners are all in California) is still in limbo as the group tries to piece together financial backing. The city's contract with Nexus allowed either side to back out if the buyer could not obtain financing within a 90-day window. That window ended on Thursday, but both sides said Thursday night they remain committed to the deal. (You can bet Nexus remains commmited, they have no obligation, nothing to lose and the property is on hold indefinitely for them, they would be fools to back out. The City of Binghamton are fools to stay locked in .) In a written statement, Michael Kearney, of Nexus Hospitality Management LLC, blamed the current state of the financial markets for the delay. (Oh really! There's a surprise...How long will that be the case? Nexus has one property in its "holdings") "We are confident that financing for the project will be in place soon," Kearney said. "This delay in no way changes our vision of making the Regency the Southern Tier's premier hotel and conference center, as well as an asset to downtown Binghamton." http://www.pressconnects.com/apps/pbcs.dll...EWS01/803270374 They, Nexus, have been trying for about a year to raise the money, before the City even had the hotel. Ronak Development could have probably paid by now the $6,900,000 ($1,000,000 more than Nexus) they originally offered that Ryan turned down. The City has probably lost about $500,000 so far going with Nexus. Why keep the contract open? What does the City of Binghamton have to gain? Open the bidding again, if Nexus finally finds the money they can buy it. Is the City going to hold it forever for them and keep losing money every day? $5000 per month for the management company. How much for utilities? How much for salaries? How much in lost taxes and water and sewer fees? All just another bad deal by Ryan. $500,000 or more lost on this. $300,000 he wasted on the O'Neil Building not getting the owners to knock it all down (who made that call?). $100,000 wasted on the municipal wifi for 16 locations ($6000 each when privately it could have been done for $500 each). They could have 196 locations instead of 16. How anybody put this fool in charge of a city boggles the mind. @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 28, 2008 Report Share Posted March 28, 2008 Ryan fails and lies again............. @ Link to comment Share on other sites More sharing options...
Guest Guest Posted March 28, 2008 Report Share Posted March 28, 2008 Ryan fails and lies again............. @ par for course for this duffer........... @ Link to comment Share on other sites More sharing options...
Ed Arzouian Posted April 3, 2008 Report Share Posted April 3, 2008 How long are we going to hold the Regency for Nexus Hospitality that has not been able to raise the money in a year when Ronak Development of NY tells us they have $6,900,000 to give us today? Link to comment Share on other sites More sharing options...
Guest Guest Posted April 3, 2008 Report Share Posted April 3, 2008 Another week has come and gone, we are approaching 10 days since Nexus signed the sales contract and still we have no money from them. Still Matthew T. Ryan wants to hold the hotel for them, while the city pays all the expenses, and ignores another offer on the table. Where is the logic in that? Do we need a commission to tell us this doen't make any sense? Link to comment Share on other sites More sharing options...
Guest Guest Posted April 3, 2008 Report Share Posted April 3, 2008 Dear Mayor Matthew T. Ryan in the name of the transparency you plan to initiate by year's end please tell us how much the people of Bignhamton are losing each and every day you keep waiting for Nexus Hospitality to close on a sale of the hotel for which they do not have the money. How much is being lost through taxes not being paid? How much is being lost through water and sewage charges not being paid? How much are utlitites costing? How much are salaries costing? We know management of the place costs $5000/month. How much is being paid to service the multi-million dollar debt owed? "I promise tonight to move toward 100% transparency of all city projects and initiatives, a goal which I am committed to reach by the end of this year. Reports, summaries, meeting minutes, grant applications—all of the records, your records, will be available for review online." Page 5 of 16 Feb. 13' 08 State of the City Address Matthew T. Ryan. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 3, 2008 Report Share Posted April 3, 2008 Dear Mayor Matthew T. Ryan in the name of the transparency you plan to initiate by year's end please tell us how much the people of Bignhamton are losing each and every day you keep waiting for Nexus Hospitality to close on a sale of the hotel for which they do not have the money. How much is being lost through taxes not being paid? How much is being lost through water and sewage charges not being paid? How much are utlitites costing? How much are salaries costing? We know management of the place costs $5000/month. How much is being paid to service the multi-million dollar debt owed? "I promise tonight to move toward 100% transparency of all city projects and initiatives, a goal which I am committed to reach by the end of this year. Reports, summaries, meeting minutes, grant applications—all of the records, your records, will be available for review online." Page 5 of 16 Feb. 13' 08 State of the City Address Matthew T. Ryan. Ed, you are awesome! Can I hire you for my company? Link to comment Share on other sites More sharing options...
bcdiogenes Posted April 3, 2008 Report Share Posted April 3, 2008 If it is true that the Regency isn't paying school or property taxes because it is owned by the City, how is that fair to the businesses that are competing against it? How does that affect the school budget? I know the business that I work for pays almost of $80K in school taxes alone and would rather put that money toward other things. When the city says the Regency is making a profit, would it be making a profit if it had to pay those taxes? Link to comment Share on other sites More sharing options...
Guest Guest Posted April 4, 2008 Report Share Posted April 4, 2008 Of course it is not making a profit. It is not paying water and sewage. It is not paying any taxes of any kind. It is not repaying the $5,000,000 loan. Why won't Matthew T. Ryan give us the real numbers??? Where is the transparency? All another lie, huh.... Link to comment Share on other sites More sharing options...
Guest Guest Posted April 5, 2008 Report Share Posted April 5, 2008 How long will we wait for a buyer without money? How much does it cost taxpayers each and every day? Link to comment Share on other sites More sharing options...
Guest Guest Posted April 5, 2008 Report Share Posted April 5, 2008 How long will we wait for a buyer without money? How much does it cost taxpayers each and every day? Tarik????????????? Link to comment Share on other sites More sharing options...
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