Quote:
Originally Posted by VivaLFuego
On one hand, it's 100 times better than a surface parking lot. Maybe 200. On the other hand, we're coming up on a shortage of developable parking lots in good areas downtown, which means future development will mean increase demolition pressure - and not much around there is landmarked (particularly concerned about the mostly-preserved stretches along Hubbard and Clark). In other words, a crappy development is a double whammy of a missed opportunity and pushing future demand for square footage into nearby lots.
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^ In all fairness, that same demolition pressure will eventually occur regardless of whether tall buildings are built on existing lots or not. One can make an argument (and I sure won't) that putting a cap on heights may actually discourage developers from tearing down historic buildings.
Of course, that didn't occur with the Esquire Theatre, but I'm guessing that is because the new owners simply didn't see a theatre in that site's future
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