Quote:
Originally Posted by RonnieFoos
I don't think that is going to happen until Phoenix becomes a Beta Global City at the very least. I just don't feel there is enough financial interests in Phoenix from overseas investors to build mega-sized towers in the core right now. Believe me....I would love to see a 700 footer here. But we are just barely over the hump of a "successful core" versus having it all roll downhill the other way. With everything that is happening development-wise, a financial crash right now would kill all Downtown development, whereas a crash happening in about 10 years from now when we have a much higher core population would have less of an impact.
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Phoenix does not have to be a Beta global city to get a 600 or 700 footer.
OK City, and Austin are not Beta global city neither are smaller cities than phoenix in South America like Cartagena, Barranquilla, Rosario, etc.
I think it all has to do with phoenix not having major corporations, and people prerferences to live in single family homes vs high rises.
I think maybe when we start running out of space, or when we get more fortune 500 companies in Arizona.