Posted Oct 30, 2014, 9:56 PM
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BANNED
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Join Date: Jun 2009
Posts: 1,057
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Quote:
Originally Posted by soleri
This is an urban myth. The W Hotel didn't pencil out, so Sarver used the opposition of the Chinese-American community to disguise that fact and pull the plug. The only way to make the project work was with condos filling it out. Sarver was calling the sales' office at 44 Monroe on a weekly basis at that point gauging the interest level in downtown condos. It had become obvious that despite a strong start, the numbers were dropping. If the numbers were strong, there was no way a ragtag bunch of "activists" would have derailed his project. This is Phoenix, fer crissakes.
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This.
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