Quote:
Originally Posted by DCReid
I think it is a terrible proposal. Trophy buildings in relatively small downtowns tend to get all of the best tenants and retail, at the expense of the rest of the downtown. Cities have tried promoting such development but they have generally not been successful in reviving most downtowns. Instead, the rest of the downtown area languishes at the expense of the new area. Renaissance Center in Detroit is one example of a failure, but so was the original World Trade Center in NYC.
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It might give a catalyst which may spur development. If developers see this as a good investment,and if once built its successful, other developers may be willing to pour more into downtown or the neighborhood.
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