Monday, July 20, 2015

Live in Lake Worth? You're going to hear the acronym "ITN" very soon

What is an ITN? You've come to the right place. Sans the wild speculation and half-truths an ITN is an 'Invitation to Negotiate'. It's a tool the City of Lake Worth chose to solve a problem: namely, the failed business plan at the City's Casino complex at the BEACH. Think of an ITN as a city saying to the world, "we have a problem and we're looking for ideas to solve it". It's that simple.

City Manager Michael Bornstein in the video below starts from the beginning: what an ITN is and why the ITN process was chosen. The video is a little more than 7 minutes long. Enjoy.

If you're wondering how we got into this mess in the first place you can blame this jovial group in the image below:
Note that the "failing Lake Worth Casino" is now a confirmed failure. Hence the present city commission's responsibility to move forward in seeking new ideas.