Quote:
Originally Posted by Tom In Chicago
It's just you. . .
. . .
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Actually, no, it's not just him. Although I wouldn't say it is as big of a deal as others have stated. There was the whole glass backup, which was a huge deal and definitely was a big headache for them (I forget exactly how long it took but I believe it was more than 6 months). Secondly, Wanda backed out of the project, leaving them to find a new hotel to fill the space. They had a fire towards the bottom of the tower (this wasn't too much of a problem though). Furthermore they've had pretty slow sales (hovering around 30-40% for what seems like forever, even before Covid). So, I would say that the evidence points to this building definitely being a serious headache for Magellan but I do believe they will eventually overcome all of these. Now to the question of Vista's profitability, anyone can guess. I would say it's definitely not just lakeshoredrive though.