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Old Posted Jul 25, 2011, 6:26 PM
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ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 13,916
Quote:
Originally Posted by Mr Downtown View Post
Among the most bizarre parts of this is the retail bridge over the river. How, exactly, will that lift to 140-foot clearance for the passage of boats? Or does the developer's self-importance extend to convincing the US Coast Guard to remove the South Branch from the list of navigable waterways?
Davies is just laying out a grandiose, futuristic possibility for this area, with the goal of boosting land values as much as possible. He's in it to flip the land, not to actually build anything. Consequently, the practical aspects of the plan don't matter.

He doesn't have the resources to build, anyway - he has no experience with large development projects and even less experience dealing with lenders or REITs. Even if he wanted to build, he'd have an incredibly hard time finding the money.

The pernicious spirit of speculation strikes again...
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