WoodDraw wrote: ↑Wed Sep 27, 2023 9:59 am
I know who you are. I've never doxed you because I'm not an asshole and I don't care.
Again I stand by what I said.
Cordish was well established and brought in partner brands. Parts of the district were never leased. It did well, but not enough to pay city bonds. They delayed the towers until the recession was over.
Cordish is and was an incredibly conservative developer that only builds when it suits them.
I won't take this rewriting of history as cordish being a plucky little developer that came to the rescue. It's complete bullshit.
You can frame it however you want. I won’t disagree that they are conservative or cautious for the most part.
The facts are they were a much smaller company in the early 2000’s and this project was the biggest in its company history at that point in time. So it was a very big risk and endeavor for them.
I think its overall success to this point has surpassed expectations on many levels even if the city is still chipping in every year.
We can drop this now. All you do is claim anything I say is wrong, even when it’s verified as accurate. I’m just trying to enjoy talking about downtown development on here and share what I can when I can. It always gets so nasty for some reason. If you know who I am, you should know what I say is well informed.
WoodDraw wrote: ↑Wed Sep 27, 2023 12:18 pm
Because you say things that aren't true!
The bonds were all backstopped by the city general fund, and they were heavily subsidized to come in.
I'm not against this, I'm just trying to talk about reality.
However, when requested to provide evidence refuting my statements, you find yourself unable to produce any counterarguments. It's important to note that there are instances when I engage in speculative discussions, and I make a conscious effort to highlight such moments. Conversely, there are occasions when I offer insights based on my knowledge and expertise. Keep in mind that information can evolve, and what I know at one point in time may not necessarily align with future developments. This divergence doesn't invalidate my prior statements; it simply reflects the dynamic nature of information.
It's worth mentioning that I have privately shared information with a select few members of this community, and they can vouch for the accuracy of my sources and the information I provide. I only engage in this manner with individuals I trust implicitly. I am not actively seeking to break news, as I have done in the past, given my contributions to this forum. I want to share in excitement what I can with this long established forum.
WoodDraw wrote: ↑Wed Sep 27, 2023 12:53 pm
I've read that twice and don't know wtf you're requesting from me? A new thesaurus?
If you’re going to call statements I’ve made false, you surely can tell me what those statements are. It’s that simple.
When I ask you to tell me what I’ve said in the last that was a lie, you just disappear. You claim what I say isn’t true as if you have more factual information but can’t produce it or even explain what’s wrong with my comments.
It all just seems more personal than anything else.
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate atleast 13 blocks of development in the vicinity
-The park is looking to be funded by creating a tax district of the nearby area (similar to streetcar?), estimated to bring property value sup by atleast 30%
-Construction on the park is anticipated to start in June and is targeted for completion in April 2026, ahead of the World Cup that summer
-In the application to Missouri, Cordish & Sky claim they are ready to go on the double building structure south of the Cap as soon as the funds for the park are secured
TheUrbanRoo wrote: ↑Thu Sep 28, 2023 3:47 pm
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate atleast 13 blocks of development in the vicinity
-The park is looking to be funded by creating a tax district of the nearby area (similar to streetcar?), estimated to bring property value sup by atleast 30%
-Construction on the park is anticipated to start in June and is targeted for completion in April 2026, ahead of the World Cup that summer
-In the application to Missouri, Cordish & Sky claim they are ready to go on the double building structure south of the Cap as soon as the funds for the park are secured
And this last part is just me speculating but it seems from reading this, if they get the mega-grant this December then they should be able to actually built everything they want without cuts. I believe they can even start if they get a certain amount secured.
I can't argue with you there. I was a reader only for many years before making the terrible decision to jump in. I have no problem disagreeing with people or with people disagreeing with me but shit, we could be much more polite about it.
TheUrbanRoo wrote: ↑Thu Sep 28, 2023 3:47 pm
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate at least 13 blocks of development in the vicinity
With the cap park, and the streetcar, I would think this would light a fire under the surface lots at 16th and Walnut, 16th and Main (both sides), and vacant parcels on Baltimore south of 16th.
We need to protect the building Anton's is in though.
TheUrbanRoo wrote: ↑Thu Sep 28, 2023 3:47 pm
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate at least 13 blocks of development in the vicinity
With the cap park, and the streetcar, I would think this would light a fire under the surface lots at 16th and Walnut, 16th and Main (both sides), and vacant parcels on Baltimore south of 16th.
We need to protect the building Anton's is in though.
TheUrbanRoo wrote: ↑Thu Sep 28, 2023 3:47 pm
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate atleast 13 blocks of development in the vicinity
-The park is looking to be funded by creating a tax district of the nearby area (similar to streetcar?), estimated to bring property value sup by atleast 30%
-Construction on the park is anticipated to start in June and is targeted for completion in April 2026, ahead of the World Cup that summer
-In the application to Missouri, Cordish & Sky claim they are ready to go on the double building structure south of the Cap as soon as the funds for the park are secured
TheUrbanRoo wrote: ↑Thu Sep 28, 2023 3:47 pm
Here are some key points from article today on the South Loop Cap:
-Project looks to accelerate at least 13 blocks of development in the vicinity
With the cap park, and the streetcar, I would think this would light a fire under the surface lots at 16th and Walnut, 16th and Main (both sides), and vacant parcels on Baltimore south of 16th.
We need to protect the building Anton's is in though.
Nicholson and Helbzerg can not be made to sell
They will either sell or develop when they see that it's more financially-beneficial than what they are doing now.
With the cap park, and the streetcar, I would think this would light a fire under the surface lots at 16th and Walnut, 16th and Main (both sides), and vacant parcels on Baltimore south of 16th.
We need to protect the building Anton's is in though.
Nicholson and Helbzerg can not be made to sell
They will either sell or develop when they see that it's more financially-beneficial than what they are doing now.
Doubtful. They have been offered exorbitant amounts for their land but have no motivation to sell. At some point, capital appreciation becomes secondary to legacy, impact, and preservation. Hall and Kempers are the same way
They will either sell or develop when they see that it's more financially-beneficial than what they are doing now.
Doubtful. They have been offered exorbitant amounts for their land but have no motivation to sell. At some point, capital appreciation becomes secondary to legacy, impact, and preservation. Hall and Kempers are the same way
How is a surface lot a legacy or impact? It looks terrible
Still failing to see how that benefits the lot owners to leave it as a surface lot long term. If you have a great downtown park a coupe blocks away, and also a new MLB stadium, you’re prob losing money not developing it.
And as far as legacy goes…how is a surface lot a legacy over profit situation?
TheUrbanRoo wrote: ↑Fri Sep 29, 2023 6:08 pm
Still failing to see how that benefits the lot owners to leave it as a surface lot long term. If you have a great downtown park a coupe blocks away, and also a new MLB stadium, you’re prob losing money not developing it.
And as far as legacy goes…how is a surface lot a legacy over profit situation?
Because they are operating on a decades or centuries timeline. Crown Center acquisition started something like 100 years ago. These aren’t institutional investors who are driven to provide good returns for their investors (retirees and pensions) but instead wealthy family who have arbitrary goals like legacy. When your timeline is decades, you decide you’ll keep a lot today to build a tower in 20 years.
These families stabilized downtown in its worst years when institutional wouldnt touch downtown. I disagree with the current strategy but they have helped and invested greatly when no one else would.
