The developer is also offering to build a 550-space parkinggarage at an estimated hard construction cost of $5.5 million andmake 400 of the spaces available to the public at night and onweekends.

Lincoln needs the less-than-three-quarters-of-an-acre parkinglot to build an estimated $40-million, 27-story structure housing150,000 sf of office, 50,000 sf of ground-floor retail and 125rental apartment units. Lincoln has told the city it already has atenant to occupy the entire office space--Dynatech Corp., a locallybased software products developer. The structure would be calledDynatech Centre and have a tentative opening of Jan. 1, 2007.

City staffers tell GlobeSt.com that if the deal doesn't gothrough with the city, elected officials will start a new round ofnegotiations with the No. 2 bidder, Atlanta-based Eichenblatt &Co. If those negotiations also fail, the city will turn to the No.3 bidder, Chicago-based Westminster Partners and ChurchillDevelopment Group.