Nearly $3 Million Invested in Unrealistically Ambitious Expansion Plan

Without any meaningful assurances of funding or approval, Archer invested about $3 million in architecture, legal, environmental and other fees to prepare and present.

According Archer’s Form 990 tax reports for 2012 and 2013, Archer paid:

  • $1.532,531 ($548.780 and $983.751) to Architecture fees to Parallax Inc.
  • $1,044,097 ($354.137 and  $690,060) to attorneys Latham and Watkins.
  •  $158,469 to traffic consultants Fehr and Peers.
  • $108,172 for public relations to Sugerman Communications Group

Total of $2,843,269.

These expenses were paid by July 1, 2013 and do not include amounts paid thereafter (not yet reported) including a very substantial amount to create a new plan to reflect the concessions made by the Board in October, 2014.

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