werner wrote...
" This is not 'Brain Surgury'. It's just looking what your assets are
are making the most use
of them. The problem is a lack of vision and common sense along with the
myopic views
of what redevelopment is."
The problem is further complicated by sheer utter overwhelming greed.
Larry Fishman wants to control 100% of the retail within the waterfront.
He wants total, monopolistic control of the retail, to the point that,
in order to negotiate a redeveloper agreement on a parcel of land within
the WRZ, the agreement starts with the building of street level retail
that is turned over to the master developer. This, along with ridiculous
sums paid per residential unit, is what scared away every major
developer that crossed Larry's desk in the first couple years of their
one sided agreement.
As Bruce once sang, "it's sad but it sure is true...."
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