Quote:
Originally Posted by OTSkyline
Since when has it become cheaper to abandon/sell buildings instead of renovating them and building new instead? Unless they don't expect to build/own and are looking for a sweetheart deal to rent somewhere else?
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I wondered about that too. $38M doesn't seem like it would build anything impressive, when you consider what the Y is/does. What's missing, however, is the value of the land as a redevelopment site. I imagine that's a hefty bit of change as well. I wonder how the existing site compares in size to the land that the Good Companions are looking to redevelop/sell?
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