Tony, Thanks for clearing up some of the confusion around the question posed by SH.
I have one question about the facts in your post:? your last paragraph contains the core mis-conception about this Hotel-? that if this project is not built at 40th and Pine that it will never get built.??In addition, the mis-conception is that there will be jobs lost and families will have no where to stay while their loved ones are at extended stays in area hospitals.? (In fact there is a three story, extended stay hotel being built on 39th and Spruce right now!) Tony, there are so many alternative locations for this hotel in our area, that ANY feature of this hotel that you see in the 40th and Pine location is available elsewhere.? For example, are you fascinated by the "located near public transportation" claim that the 40th and Pine Hotel claims?? There is probably no location in all of UC that is not equally located near public transportation.? How about locating on any of the 30 acres that Penn just bought near 30th St Station? If there is such a market need for the hotel then it can be built virtually anywhere in UC and the market forces for occupancy will be the same. I want to be clear that I am opposed to the location of the hotel at this particular site.? In addition, I am in favor the the erection of an extended stay hotel somewhere more appropriate in UC. I believe that the issues surrounding whether it should be built on this 40th and Pine site seem to me to be:? the opposition does not want the intrusion of a large commercial building into a?residential three story?neighborhood in a case where there are alternatives.? The developers arguments are largely economic ones (need for the hotel rooms, jobs at the hotel, completion of the 40th St commercial corridor). I hear the same economic argument in your post and I wanted to point out that none of the economic problems that you?mention (loss of jobs and lack of hotel rooms) will occur if the hotel is built elsewhere. Guy -----Original Message----- From: Anthony West <[email protected]> To: UnivCity listserv <[email protected]> Sent: Sun, 21 Dec 2008 7:04 pm Subject: Re: [UC] Campus Inn No, it's not going to do that, SH. "The development group" isn't really a single business of any kind, either public or private, so there is no "it" to go into bankruptcy.? ? "Its" partners are the University of Pennsylvania, which is nowhere near bankruptcy, and the Hilton chain (there've been no large-scale collapses in the hospitality industry yet, although these are certainly tough times for restaurants and probably for hotels as well). Perhaps there are other real-estate operators with tiny stakes.? ? Unlikely the Campus Inn matters enough to any of its participants to thrust them into insolvency. Failure of the project might mean a few people who are working on its plans may be cut by their employers or have their careers dampened.? ? Of more importance to the rest of society, it would cause several major business contracts not to be written and hundreds of people not to get new jobs, precisely as we slide into a global recession. These are the kinds of economic issues at stake for policy-makers in this controversy.? ? -- Tony West? ? > Hi,? >? > Could someone spell this out for me?? >? > Does this mean the campus inn development group is going to file for? > bankruptcy?? >? > - SH? >? > ----? > You are receiving this because you are subscribed to the? > list named "UnivCity." To unsubscribe or for archive information, see? > <http://www.purple.com/list.html>.? >? >? > ? ----? You are receiving this because you are subscribed to the? list named "UnivCity." To unsubscribe or for archive information, see? <http://www.purple.com/list.html>.?
