This is an introduction to the MaiaCo contract. To begin with, MaiaCo will be assuming major responsibilities for the development of large areas of Gary. In fact, think of MaiaCo as our new private corporate Mayor and Redevelopment Commission in charge of deciding and implementing Gary’s future development.
The City will reimburse MaiaCo for every penny and minute it spends (100%) and then will give MaiaCo 65% of any income from land leases or sales to third parties, whether or not MaiaCo directly arranges the transaction, if it occurs within a “Designated Project Area.” The word “profit” does not appear anywhere. The new term is “Transaction Proceeds.” The “Designated Project Areas” will be mapped out over time, although within 30 days, the GRC and MaiaCo will “prepare an annual plan outlining the key strategic priorities, assignment of responsibilities and projected delivery of Resources.” Resources means time, work, materials and money committed to the project. It will be like paying for a private shadow government.
Once an area is designated, MaiaCo will take over all lands belonging to the GRC, and will have the GRC acquire all lands available through tax sales or otherwise. MaiaCo will bundle and sell or lease areas acquired to third parties for development. MaiaCo selects and oversees the third party developers, but it is not so clear who oversees MaiaCo.
That's 3 churches chickens about to be removed from my diet. 
For real? If so, then I know what I need to sell my guys on getting into over the next few years.
I'm here now breh. I moved my Black ass from ATL up here just last week. Closed on my second house in GI bout 3 weeks ago. Sat in the Gary City Council meeting for damn near 3 hours last night. I'm serious bout this shyt. I ain't on here posting articles for daps and shyt. nikkas need to get off they ass and get bout some business. And I want a lame to call me a c00n. nikkas ain't out here bout this shyt like I am. fukk nikkas need to stop chirping and put they money where they mouth at. Been up on this shyt Daley and his wreck less talking ass homeboy been doing. fukk this internet shyt. Get ten toes down out here and help our people. That's all that matters
