Quote:
Originally Posted by Hayward
Personally, I believe retail will come regardless. A unique and creative site plan will add some more cost, but not enough to hinder returns and leasing on this development.
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This. x1000. Anti-preservation folks are fond of arguing a false dilemma. The best/worst recent example is Prentice. Northwestern was all, "EITHER we keep this unusable building that will sit empty and unused forever OR we invest in JERBS and TECHNOLOGY and ADVANCED SERVICE ORIENTED BIOMEDICAL ECONOMY!" But the truth is Northwestern would build that shit regardless. Adaptive reuse might increase the costs but Northwestern would still turn a profit, and, at the end of they day, that's (clearly) all that really matters to them.
I don't think forcing some big box retailers to put parking on the roof is enough to dissuade them from expanding into a neighborhood like Bridgeport. If it were, then the benefits were likely marginal not only for the retailer but the community as well, meaning the Aldermen or whoever had been overstating their potential impact.
(In fact, I'd go even further and say these kinds of developments hinder gentrification in transitional neighborhoods, but that's a different argument.)