This editorial will appear in Tuesday’s print edition.
The City of Tacoma and the LeMay Automobile Museum find themselves at an impasse that serves no one.
City officials say it would be imprudent for them to allow the museum to borrow against property donated by the city. Museum officials say that restriction comes as a surprise to them – and a threat to their project.
The crux of the controversy is contract language drafted in 2007.
LeMay CEO David Madeira says the agreement anticipated the museum’s desire to use the donated property as collateral. City Manager Eric Anderson, who signed the 2007 agreement, disagrees, saying that it would never be the city’s intention of giving away first position on land donated to a project.