The latest disagreement between the developers of the Oread hotel and the city of Lawrence boils down to this: $90,000 vs. $500,000.
A new report commissioned by the Oread developers concedes the development group was overpaid about $90,000 in taxpayer funds as part of a special taxing district for the hotel near Kansas University’s campus. But the report vigorously denies that the development group owes nearly $500,000, which is what a report commissioned by the city earlier found.
Members of the Oread development group recently provided a host of documents to the Journal-World, including an analysis by BKD, LLP, a Kansas City, Mo.-based accounting and advisory firm that was hired by the development group to study the dispute.
(Read more: LJWorld.com stories: News)