Quote:
Originally Posted by Zionide
Given that PRI is---as many of you keep harping on---purely a business and not a religion or charity, they built these towers not out of the goodness in their hearts but as sound business decisions based on likely ROI.
"Without them" doesn't mean we wouldn't have the towers; it means another BUSINESS would have recognized the potential profitability and built them.
I'd be just as annoyed if Hamilton or Cowboy owned that much of downtown; as I said before, quality urban environments require diverse and disparate development influences.
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Who are these phantom investors and why haven't they stepped up to develop anything? I didn't see ANYONE else step up to do anything with ZCMI/Crossroads as they rusted away, did you? If so, please expound.
Not sure if you noticed, but the CCC is a high quality development that SLC would have had a hard time attracting otherwise. PRI made several concessions due to public input that no other developer would have made. Anyone else would have made another cheapass stucco Gateway II. They also would have ripped down the First Security Building instead of spending millions to preserve it because the public pushed back.
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