Make us your home page

After apologies, Channelside negotiations to restart on Monday

TAMPA — Liberty Channelside LLC said it made personal apologies to the Tampa Port Authority staff on Friday and that it would restart negotiations over the stalled sale of Channelside Bay Plaza on Monday.

Liberty, a partnership of local real estate developers Santosh Govindaraju and Punit Shah, has a deal in place to buy the beleaguered retail center's lease from the Irish Bank that foreclosed on it in 2010. But the Tampa Port Authority owns the land under the complex, and its governing board must approve any deal to sell the property.

The two sides are divided by the Tampa Port Authority's demand that Liberty Channelside put $8 million in escrow, in advance, to prove it will properly redevelop the waterfront property. Liberty countered with $2 million. The port said Liberty has also not provided detailed financial information required to push the deal forward. Neither side budged. Then on Wednesday negotiations turned acrimonious after Liberty made "unprofessional" remarks to the port staff.

Liberty apologized publicly Thursday and privately on Friday. The group said in a statement Friday that it is preparing to present more details about its financial resources and business plans to the port on Monday. If the Port of Tampa and Liberty reach a deal, it won't go before the port board until the June 8 meeting at the earliest. The deadline to get on the agenda for Tuesday's meeting has already passed.

After apologies, Channelside negotiations to restart on Monday 05/17/13 [Last modified: Friday, May 17, 2013 5:16pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Tampa Bay small businesses give Tampa B+ for regulatory climate


    In a recent survey about small business sentiments toward state and local government policies that affect them, Tampa Bay ranked at No. 25 out of 80 — a B+ overall.

    Tampa Bay ranked No. 25 out of 80 in a recent survey about how small business owners feel about state and local government policies that affect them. | [Times file photo]
  2. Seminole Heights restaurants face struggles amid killings, post-Irma

    Food & Dining

    TAMPA — The neighborhood's hip circle of popular, well-regarded restaurants is feeling the squeeze in the wake of a recent killing spree. And the timing is rough.

    Ella’s Americana Folk Art Cafe has been taking precautions in light of the Seminole Heights killings: keeping the lights on all night and having employees walk to their cars in groups.
  3. St. Pete-Clearwater holding food, supply drive for hurricane refugees


    CLEARWATER — St. Pete-Clearwater International Airport and Allegiant Air are holding a food and supply drive for the Hispanic Outreach Center in Pinellas County. The event, which will benefit refugees displaced by Hurricane Maria, will be held Tuesday from 5 p.m. to 8 p.m. at the airport at 14700 Terminal Blvd.

    St. Pete-Clearwater International Airport and Allegiant Air are hosting a food and supplies drive Tuesday for refugees displaced by Hurricane Maria. | [Times file photo]
  4. Tallest building in Pinellas County in search of a new name

    Real Estate

    ST. PETERSBURG — The name "Priatek" is gone from Pinellas County's tallest building, perhaps to be replaced by that of a much better-known company new to the Tampa Bay area.

    The Priatek name is off of downtown St. Petersburg's tallest building.
 [LARA CERRI  |   Times.  2015]
  5. Estuary wins pier design contest for the Lee Roy Selmon Expressway extension

    Real Estate

    TAMPA — And the winner is… Estuary.

    Voters overwhelmingly supported a pier design called Estuary for the $200-million extension of the Lee Roy Selmon Expressway in Tampa.
[Courtesy of AECOM]