Quote:
Originally Posted by Chronamut
You can't blame them - they KNOW they have a cash cow in the making. It's the same for everything in the core. lot beside the piggott building is a similar story - wanting a huge sum of money for the property.
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They don't really have a cash cow. They let the building rot for the years that they've owned it...Same can be said for whoever owned it before them. It's a prime area, but a developer is going to look at the current status of the building before they make an offer. If the building is in shambles (which is very likely), a builder isn't going to shell out a massive amount for that building, knowing they have to do extensive renovations.
It's great that they are doing exterior improvements, but I'm not convinced those exterior improvements will be that impressive...given the track record of the owners.