12/06/2024
"Demo" update - New contractor who has the proper licenses under contract and had their demo permit approved this morning. So those nearby will probably start seeing work again. We're hopeful that this contractor is qualified, although it does appear that they are a bit inexperienced. The inexperience may simply be on running their own business (they had to file a tradename with the state same day as filing permit since contract wasn't with legal company name), where their demo skills themselves are sufficient. Regardless, their main aim based on the contract will still be to get the scrap metal out as cheaply as possible. The "demo" consists of ONLY removing scrap metal, and they will attempt to sell the Skycoaster. It is perfectly fine for refurbishment and moving elsewhere (as were a couple of the coasters the previous contractor attacked). We were taking down most of it as well, just using the bottom pole segments to support a new roof structure.
Bayou Phoenix found a demo contractor that would work for "free". Neither BP, nor the city, is paying them. In fact, contract specifically says "IT IS EXPLICITLY UNDERSTOOD AND AGREED THAT UNDER NO CIRCUMSTANCES WILL OWNER OWE ANY ADDITIONAL FUNDS OF ANY KIND TO CONTRACTOR BEYOND THAT WHICH IS OBTAINED FROM THE SALVAGE VALUE AND DISTRIBUTED FROM THE SALVAGE ACCOUNT." The demo contractor only gets paid for scrap metal they remove, and BP gets to share in the proceeds.
Granted, the city IS indirectly paying them since the scrap metal is their asset. So NORA may still have issue with BP keeping 10+% of it. BP gets to keep 10% of the first $375k, BP gets 30% of amounts between there and $800k, and 40% of anything above that.
And yes, this is the same demo contractor who filed for a business occupancy permit last week. Perhaps that was the business inexperience as this appears to be the first permit they've ever applied for with the City. Makes sense. Who would be easier to get to do the work for free? Someone trying to get their business off the ground, or an established contractor? Established contractor would have insisted on cash.
Bottom line, we believe, or at least strongly hope, that this contractor will remove the rides properly. No big deal for us. We even have some hope that they will look at MegaZeph and see that the cost of taking it down properly just isn't worth the little bit of scrap revenue they would get off of it.