Quote:
Originally Posted by cab
So phase 2 will never happen and we'll be stuck with a parking lot on the westside of the lot and two historic buildings being replaced. Well done. Why not tear the church down across the street for fun as well. Potentially there "could" be a project some day on that block. New rule no development on a site if a parking lot is available within 5 blocks of location. Maybe a new land swap fund is created. The parking lots are never going to get built on if we keep tearing down existing functioning buildings.
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Well PSU does own the entire block, while I don't like the idea of what they want to do, I do understand it. They are going to build School of Business regardless, and the college wants to make the Park Blocks a major focus for the school, so it makes sense to want a building like this built on the Park Blocks side rather than on the other side of the lot. I would rather them not tear down the old apartment building, I do understand the building is probably in need of a major renovation and is probably a major energy waster and the amount of money it would cost to renovate this little building would more than likely cost too much in comparison to building a new dorm room building.
Also keep in mind that the school doesn't really have the money to build this building anyway. I am guessing we will probably not see any form of construction happening without having help from an anchor tenant that would go into the tower that would be adjacent to this building.
As for having rendering to only half of the development, that actually makes sense, the school knows what it wants and needs from a new School of Business building, therefore it can afford to spend the money now to get the plans worked out for the building that is more concrete. The tower portion is all a bunch of unknowns, so I am guessing no actual building documents will be created for the tower portion until the school finds an anchor and figures out the actual financing they are able to do to construct a project like this.
Either way, all the buildings on that block will eventually be coming down.