If you do not get The Seattle Times you missed the front page article “big land deal, big questions by Jim Bruinner and Lauren Vane.”  It is about a land deal in Maple Valley (called the Donut Hole deal) that has been conducted by King County Executive Ron Sims and a single developer, YarrowBay Group of Kirkland, (without it being offered for bids).  It was brokered by lobbyist Martin Durkan Jr. 

The deal would benefit two of Durkan's business partners. He represents YarrowBay, which would get the Donut Hole without competition. Another longtime client, Palmer Coking Coal, owns the Icy Creek forest land the county would buy.”  The way the deal has been handled is being criticized and some Maple Valley leaders are not sure the deal is good for Maple Valley.  

I find it interesting where the article said:  “YarrowBay and its executives and contractors, including Durkan, have given more than $40,000 to the campaigns of Sims and King County Council members since 2002, according to the state Public Disclosure Commission.  The largest share — $11,000 — has gone to Sims. YarrowBay also hosted a fundraiser at its Kirkland offices for Sims in late 2005, just a few months before launching the Donut Hole deal.” 

The story is long and the picture gets murkier as it goes along.  I was wondering if this lobbyist is also a real estate agent—if so, it sounds to me as if he has been highly unethical.  I especially liked the following: “County officials have worked diligently with YarrowBay to carry out Sims' instructions.  In July 2006, the county signed a letter of intent with YarrowBay, promising "good faith" negotiations. Company executives helped draft the arguments Sims' aides used to justify the no-bid deal to the County Council. YarrowBay has paid the county more than $270,000 for staff time spent on the project. The talks with YarrowBay kept going even after one of the original justifications for a no-bid deal collapsed.”

There is another related short story entitled "Maple Valley officials fear burst of growth" written by the same writers with contributions made from David Turim.

It just seems to me that there is something wrong with this picture! 

 

 

 

Please visit my site for information and support.  Seattle, Bellevue, Queen Anne, Wallingford, Green Lake, Fremont and Redmond, Washington Real Estate Property Listings.

 
This post has been included in Washington Information King County, WA Information

2 Comments on How to Do a Land Deal--NOT

Hi Leslie, I am in Maple Valley, being about a stones throw away from the "donut hole" ... I have to say I am a bit fed up with the whole thing! I just blogged on it myself. By the way, Jay Leno mentioned the "Maple Valley Donut Hole" meeting as a "joke" in part of last nights "Headlines" skit. It was funny, but of course, at closer examination, its no laughing matter!

01/09/2008 12:11 AM by Renton, Fairwood, Maple Valley, REALTOR ~ Design Professional ~ Julianna Hind (Keller Williams Realty - Southeast Sound)


Hi Julianna,

I would like to here what Jay Leno had to say.  Anyway, this land deal "smells" just like why the Port of Seattle is getting investigated for fraud.  It is getting tiresome hearing about politicians and some government employees doing unethical things--sometimes to line their own pockets or do favors.  Maybe, it is time Seattle voters think about cleaning house during the next election.  Aren't we tired of being taken advantage of and not being listened to?  Thank you for the note!

01/09/2008 11:54 AM by Leslie Bloss, Seattle Real Estate Professional (REALTY EXECUTIVES/BRIO )


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Leslie Bloss, Seattle Real Estate Professional (REALTY EXECUTIVES/BRIO )
Leslie Bloss, Seattle Real Estate Professional
Seattle, WA
More about me…
REALTY EXECUTIVES/BRIO

Office Phone: (206) 235-5689
Cell Phone: (206) 235-5689
Email Me
I plan to give helpful information relative to real estate and whatever else I may come across. And, because humor is so important to me I may throw in something funny.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find WA real estate agents and Seattle real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved