Ordinarily, a developer would have to buy the property from OCURA up front.

They must have worked out a deal to take a share of the profit in return for them not paying for the land until after the units are sold.

Considering there was no other response to the RFP and both parties seem agreeable to the terms, it just sounds like a creative way of moving this project forward.


However, it's strange they didn't include the details of the arrangement in the agenda packet.