Quote:
Originally Posted by SLC Projects
So would we just be better off to just let 111 die off and to never see it rise then to have another church owned development? Seems to me without the church stepping up to the plate, once again nobody else would.
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We don't know that HP was backing away from this deal.
I think it went like this:
Church leaders see 111 and think it would be a good place for a secondary office building for the church downtown. They approach HP about taking over the project.
Goldman Sachs was originally going to rent space in 111, but the church contacts Boyer about putting them in their new building on State.
Boyer suddenly raises the height of their building because Goldman is switching to their building.
HP isn't going to have another project in the works any time soon. Not unless they've known about this for a year or more. These highrise developments don't just happen overnight.
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