One Big Sky Center Project Evaluated
Amidst all the excitement surrounding the proposed Billings skyscraper project, city officials have hired a Minnesota firm to evaluate financial reports from a private developer seeking up to $30 million in public financing to build the downtown complex called One Big Sky Center. David MacGillivray is the chairman of Springsted, a St. Paul-based public sector adviser. He said he expects to complete his analysis and report to the Billings City Council on Oct. 24.
The firm, will provide an analysis of the proposed $120 million project and evaluate a number of factors to help the city council determine whether or not to invest tax-increment financing into the project. According to MacGillivray, the factors include the history of the development group; whether they have the capacity to complete the project; and whether it needs the requested $30 million in public funds to get the public portion of the complex built.