Quote:
Originally Posted by vansky
I didn't say I didn't like it. I'm saying that victory needs criticism by slapping yourself so you can be better next time. Let's face it, we just lost the ritz-carlton for no reason other than an unachieved buying rate. That means the city is either poor locally, or is not as internationally attractive as we would think.
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Many projects around the world are being dropped and canceled quickly. Such projects are funded internationally or has at least
some international financial backing, our Ritz Carlton was one of thousands and thousands and thousands. Dubai is probably one of the worst cities hit. And by "international", it often means Wall Street. More locally, just look at the Olympic Village. It was largely funded by Fortress, located on Wall Street, but the company was hit hard by the recession and is facing bankruptcy. They didn't have the money to continue funding the Olympic Village project, and so they had to let it go.
You've seemed to completely ignore the fact that the Ritz Carlton was a go-ahead and a construction-in-progress until the recession kicked in. It has nothing to do with the city not being poor locally or internationally attractive.