yeggator
Active Member
If WP is involved, surely Ian knows something.
Don’t think anyone is happy about that full circle, but we have to deal with where we are at right this moment in time.Demolish a perfectly good building, leave the site in disrepair for years so that it becomes such an eyesore that people will be excited for a parking lot.
We wouldn't have accepted this if it was proposed right after demolition, and we shouldn't accept it now
I think because the property is changing hands away from the offending party that created this mess I’m a bit willing to see them get to earn some revenue if that’s what it takes. I’m torn, I don’t love it but this site has to change. Be too restrictive in what can happen and it stays a crater.I don't think we should be ok with this being converted to a parking lot. We should be striving for a better use, even if the lot is currently an eyesore and the city desperate to see something happen here. Why can't this be a temporary park with some space set aside for food trucks and buskers?
Sorry, but why exactly should we care about the developer being able to earn holding revenue? Because they're doing all of us a favor by buying the lot?I think because the property is changing hands away from the offending party that created this mess I’m a bit willing to see them get to earn some revenue if that’s what it takes. I’m torn, I don’t love it but this site has to change. Be too restrictive in what can happen and it stays a crater.
I know I get it, I really do, but they are going to have to spend a ton to get this site level again. Maybe I’m wrong here, certainly can see this from both angles.Sorry, but why exactly should we care about the developer being able to earn holding revenue? Because they're doing all of us a favor by buying the lot?
Oookayyy...
Isn't that part of the due diligence in buying it, though? It's not as if having another parking lot approved is guaranteed anyway, so that should have been considered as part of their purchasing process. It would just be additional gravy for them, but surely they also considered a scenario where a parking lot is not approved.I know I get it, I really do, but they are going to have to spend a ton to get this site level again. Maybe I’m wrong here, certainly can see this from both angles.
I know I get it, I really do, but they are going to have to spend a ton to get this site level again. Maybe I’m wrong here, certainly can see this from both angles.
Regency might have to pay them to take it then lol.Maybe that cost was worked into sale price?