Which also explains why those apartments look so God-awful bad. Someone spent like 5 minutes throwing something together.

Seems like this is just another delaying tactic to avoid losing control of the property.

Davies should have worked with Sterling Bay instead of whatever the f*** he's doing right now

This is clearly no more real a proposal than the previous pie-in-the-sky 'proposal'. Obviously he was sent a message by the city that's it's time to do something with the property, and this is something he had his hackey lackey Antunovich whip-up to make it look like he's serious now about moving forward with something. Enough is enough. It's time for an actual ultimatum - you jv with (or preferably sell outright to) a credible established developer who wants to actually redevelop the building, or the city is taking the property. Deadline for a deal - June 30. July 1 legal filings begin for eminent domain, and once they start, there's no stopping it - it's over. I've had it with this schmuck........

I'm not crazy about the idea of the city controlling who gets the next crack at it (do I have to even mention block 37 history), but at this point the probability is very, very, very high that it will be a better scenario - potentially much, much better - than Davies continuing to own it........

Just fucking take it from him. Give him a dollar.

The building is set up perfectly for one use and one use only - a casino. The city/state desperately need the revenue and that area of downtown is not all that desirable for anything else. Then a few new condo/hotel/apartment towers along the river can probably work with the casino there bringing traffic and tourism to the area. I like what someone said in another thread - a 1920's prohibition/al capone era theme would be perfect fit for the building and city.

Just need a competent developer and the city/state to come to terms on splitting the revenue.

not a bad idea...

Per DNAInfo, the apartment tower is planned at 100 floors.

of course it is.

:haha: :haha: :haha: :haha: :haha:

Only 100? Why not go for "world's tallest?" :rolleyes:

Meh no thanks. I think I would rather have an empty building than an inevitably kitschy casino. Lately it seems 'Build a Casino' has become the Midwest quick fix solution to difficult economic problems. I would much rather find the right developer for the property than turn it into a 'themed' anything.

Lord, No
(though am always a fan of the Art Deco scheme)

^Relax, any desired redevelopment of this monster will go absolutely nowhere until the vast amounts of asbestos have been completely removed. Which will cost a fortune.

The casino of the future will be a server farm. The clientele of physical gambling spaces become less and less desirable as the years go by. Let Hammond and Elgin deal with those problems. We don't need them here.

Edit:

http://money.cnn.com/2016/01/08/news...asinos-losses/
Chicago already has all the restaurants and shows and hotels. What does a casino actually do when you already have that?

Presumably government revenue.
LV does provide a very unique entertainment offering with the abundance of performers/shows and even just the simple glitz of the strip. No city with gambling will replicate all that.

Why do I come here? Why do I even check this thread? :shrug:

Why not just make it a 1,000 floors..... Both are just as likely.

Looks like Rahm wants to take the Post Office from Davies

https://www.dnainfo.com/chicago/2016...-new-developer

:happybirthday:

:cheers:

Yaaaasssss

Finally

Really fun to watch a speculator from out of town wall right into the whirling blades of the city that works. Shit or get off the pot Davies.