City gets RTC marketer proposalPublished 10:53am Tuesday, July 17, 2012
Though possible roadblocks to Regional Treatment Center demolition were discussed Monday, the Fergus Falls City Council also heard from the RTC task force that’s been working on finding a marketer for the project. After several weeks of hard work and research, the task force made their recommendation: Dan Peterson, a commercial real estate advisor in the Twin Cities office of global real estate firm Colliers International.
Task force Chairman Tim Litt assured the council that they would be working with a firm capable of marketing the massive Kirkbride building to all kinds of developers if the city goes with Colliers.
“They have 12,300 professional staff, (and) 4,800 brokers, with an annual revenue of $1.8 billion and (a) total transaction base of $38 billion,” he noted.
“They’re used to dealing with large properties,” added task force member Anthony Hicks.
Peterson also has experience with historical buildings, as he currently sits on the real estate committee of the Preservation Alliance of Minnesota – the entity that recommended Peterson to the task force.
The council instructed staff to meet with Peterson and discuss potential marketing costs, as well as the logistics of marketing the building.
“I would like our staff, Mark and Kent, to make that initial contact and have that discussion and make sure that this Dan Peterson is brought up to speed with everything that’s taken place so he understands the context of what we’re operating under,” said Alderman Randy Synstelien.
City staff will make their own recommendation about Peterson at the Aug. 6 council meeting. Until that time, Alderman Pat Connelly urged the council to think about whether they want to keep using the RTC task force for other projects. Connelly was the council’s liaison with the group and said he saw members do very good work over the last several weeks.
“I think it would be too soon to say, ‘Thank you for doing your job and get out of here,’” Connelly said with a smile.
“We do thank you for doing your job,” added Synstelien.