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Old Posted Jun 16, 2022, 4:04 PM
JN12Franklin JN12Franklin is offline
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Join Date: Sep 2020
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I was honestly shocked to hear Lee so flippantly describe the project as "not serious". Almost like it was an art project they did for fun. I guess in the world of skyscraper development, you never want to admit defeat. But the efforts they've put in aren't totally a sunk cost. They're still going to build something there someday. He didn't say anything about a timeline. He did also say it will almost certainly be single use (the original design had hotel, apartments, and condos). I'm not an export on this but I'd assume approvals for a reduced design will sail through now that they went through approval process for a larger design. And lastly, they got a lot of publicity at the time.

He also mentioned something about Alderman Reilly wanting to see what the future phase 2 would look like before approving phase 1 (I didn't fully understand that part so hopefully I'm not misrepresenting what he said).