[kaneui]

Rio Nuevo has been trying for several months to finalize an agreement to help finance Gadsden's Mercado San Agustin Annex, but negotiations with the city have dragged out unnecessarily, so their plan to buy out the city's position should get things moving. (Steve Kozachik has been suggesting for quite awhile that the city pull the plug on their deal with Gadsden and call in the performance bonds, but he hasn't had the support of other council members.)

Given their past history, I'm not too confident in Gadsden's ability to secure financing on their own, but now that Rio Nuevo has some cash to play with, they could be the key to getting the Mission District built out, especially with all the apparent demand for more housing downtown.