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Originally Posted by Londonee
Right, but that's only if it succeeds. A big if. If nothing changes on that stretch of Broad St - there's a decent chance this thing turns into a huge white elephant - vacant retail and difficulty filling 1000 apartments...
It's too much Icarus at this point for this stretch. The city really should actively get involved in the derelict and under-utilized properties down here.
The massive DNC contingent will all be coasting past this glorious stretch from their CC hotels down to the WF Center. it's an embarrassment for the region to have our famed Broad Street be so decrepit - I wonder if the city has interest in doing anything here?
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Doing what exactly? Its not like these are city owned lots. If they are privately owned and the taxes are paid I'm not sure what the City can or should do. Over time the value of the land is going to force change on this stretch. The city can't condemn these properties just to flip them to developers. If there is money to be made developing this stretch private entities should be buying up these parcels and replacing the retail/fast food joints that exist.