Quote:
Originally Posted by Hallsy's Toupee
Word on Skyrisecities is that ICE District Block BG (both podium and tower) is now on hold. It doesn't make sense, after going through all that trouble of erecting that crane and no official word from ICE District themselves. Anyone here know what's going on?
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i’m not sure what’s going on but i can take a guess...
any demand projections you might have made a month ago are now completely unreliable.
any financing assumptions you might have made a month ago are now completely unreliable.
any rental rate assumptions you might have made a month ago are now completely unreliable.
any valuation assumptions you might have made a month ago are now completely unreliable.
any construction costs assumptions you might have made a month ago are now completely unreliable.
any material availability assumptions you might have made a month ago are now completely unreliable.
any construction schedule assumptions you might have made a month ago are now completely unreliable.
the short term rental cost of a crane that might not not be needed is negligible compared to that much uncertainty and risk.