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Originally Posted by eagleye1144
Speaking of 500'+ towers, What happend to the CCH? What was the latest update on that?
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Makid regurlarly gives us updates regarding the ongoing schedule of the CCH. The updates have been pretty concise and informative. I asked him for an update recently and he gave us one on this thread dated Jan. 6th. I placed it below for your convenience. From Makid's updates it would seem to me that the CCH is pretty much following what would be considered a normal schedule for this scale of project. Make a note of these dates, and when the next marker of the time frame comes up, we can monitor the progress of CCH. It would seem that the next major step will be the proposal approval, which is expected to be completed around the end of the OR Winter show. Those dates are coming up soon as the OR Winter Show is Jan. 21-24.
The last set of major announcements involved the selection of the developer, which is now set as Omni. The process proceeded quickly, as Salt Lake was in no mood to entertain pie in the sky flirtations. This, especially because of the major problems with CCH projects of recent history, such as Phoenix. IMO, and based on what Makid has been reporting, Omni is one of the most if not THE most experienced in the category of CCH development. They have the clout, are highly respected and have a successful track record of doing things right. Salt Lake City is fortunate that Omni saw its potential as worthy of their serious involvement. Omni's involvement means a likely positive schedule and outcome.
The biggest thing on my mind regarding the CCH right now is not whether it is being held up, or if it is proceeding on an acceptably accelerated schedule. The schedule to me is being conducted concisely and carefully, but quickly. My biggest question is whether we will get a quality product and or design that is special to Salt Lake City. Just as the Hotel Utah, The Salt Lake Temple, State Capitol, The City and County Building, CCC, SLC Library, Rio Tinto, Public Safety Building, etc., etc. are among the quality of national and world caliber icons, so also should this CCH be in that category. Not just another bland wall of windows dictated by an all too familiar national repetition of sister cities.
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Originally Posted by Makid
Delts, last I heard the proposal was still going through the due diligence review. I would expect that as Omni is a sole owner/financier of the project that the process will be quick. By quick I do mean that I am hoping to hear that the proposal is accepted by the end of the OR Winter expo.
From there, the time frame for construction depends on site selection by Omni and purchasing the site. This process could take up 3 to 6 months. Then there is demolition of the existing structure(s) all depending on the location that is chosen.
If we get an announcement of proposal acceptance by the end of February (latest I expect), we should have groundbreaking before the end of the year.
Best case scenario though is that we have announcement of proposal acceptance with OR Winter and groundbreaking with OR Summer.
That would be about 6 months between Winter and Summer shows. That should be enough time for acquisition, planning and approvals for the hotel to begin digging the foundation with OR Summer.
Now, regarding the Arrow Press building, the video was recorded in early spring of 2014. This was before the proposal information was known. This is why I think the owners were still hopeful for selection. Of course, there is still a chance it will be selected by Omni but I rather doubt it with the meeting space requirements.
Also, for those that were shocked about only 1 proposal after all of the interest (60+ developers). This is due to some of the proposal requirements about financing, proof of recent (2 years or less) construction of hotels of equal size and the need to have it open by 2018.
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