Weber Will Pay for Missing Job Goals
What happens when you miss deadlines for job creation in La Crosse? You pay the piper, apparently. That's what Don Weber will do, according to a new purchase option agreement unanimously approved by the city council on Wednesday night. Under the agreement, Weber will have to pay nearly three million dollars in damages for missing job creation promises under the development agreements for the first three Riverside Center buildings downtown. A fourth building would go on the lot that Weber gets an option on. He'll have to buy the lot from the city for $750 thousand by the end of next year. The new building will have to be worth at least $15 million. The new agreement also gives Weber until January first of 2016 to meet the 2000 jobs goal that he was supposed to meet last year.