No reasonable person denies that affordable hotels are in short supply around Penn's massive eds-&-meds complex. This appears to be an industry with a longterm growth curve ahead of it, so it makes sense to build hotels for it. Somewhere.

Meanwhile, Penn is still stuck with a historic dog of a property that might just pay for itself, if tacked onto a hotel; otherwise, it's nothing but a drain. The economic downturn places more pressure than ever on Eds & Meds RE departments to monetize their dogs one way or another.

I think you're quite correct, Kimm, it ain't over till it's over. Real-estate, by its nature, can lie around "on hold" for years -- the more so when owned by a non-taxpayer. But since land, by its nature, cannot go away, real-estate problems too never go away until some sort of development occurs.

-- Tony West


P.S. Thanks to you and Al for putting 2+2 together for us.
Kimm


On 10/9/09 10:10 PM, "Kimm Tynan" <[email protected]> wrote:

    I had a feeling that wasn’t really over.
    Kimm


    On 10/9/09 1:42 PM, "KAREN ALLEN" <[email protected]> wrote:

        Well, Al, looks like they're "gettin' the band back together",
        and today's Daily Pennsylvanian report about the Campus Inn
        puts yesterday's post into context.

        It's the same old bullshit: West Philadelphia is a hellhole
        that we need Penn/UCD/Tom Lussenhop to rescue us from;
        unannounced closed-door astroturf presentations in front of a
        handful of handpicked so-called "community leaders" ready to
        regurgitate Penn's lies and to rubberstamp whatever Penn
        shoves in front of them. I guess next the propaganda machine
        will kick into gear again to explain to us igoramuses why it's
        so important that Penn should be able to do whatever they want.

        Regarding certain "panelists", this just proves that there are
        some people who are incapable of embarassment or shame...Even
        Professor Marvel gave up the smoke and mirrors once his
        "Wizard of Oz" persona ("Pay no attention to the man behind
        the curtain!") was exposed as a sham.

        See ya at the Zoning Board hearings, folks... luckily I saved
        my "No Hotel In the Hood" posters!
        ------------------------------------------------------------------------
        From: [email protected]
        Date: Thu, 8 Oct 2009 08:55:59 -0400
        Subject: [UC] Penn and the community -- take, er, I lost count
        when it hit six digits
        To: [email protected]

        From today's DP. Emphasis (color) and snide remarks
        /(parentheses)/ added

        You read it here, first, on the ever-popular */Popu-List
        /*Courtesy of Al Krigman

        ------------------------------------------------------------------------
        *University seeks to build more bridges with community
        partnerships
        **
        Maanvi Singh

        While Penn's relationship with the West Philadelphia community
        has been tumultuous in the past, last night a group of
        community leaders and educators discussed Penn's recent focus
        on interacting positively with its neighbor. /(Recent focus?
        Maybe they mean dumping Lewis Wendell.)
        /
        The audience of community members, who filled a little over
        half the chairs/ (nobody I know was aware of this... so --
        little wonder that only half the chairs were filled and I can
        only imagine who from "the community" was there)/ set up in
        the Arthur Ross Gallery, listened as the panel recounted
        Penn's historical interactions with West Philadelphia, as well
        as the University's current programs for community involvement.

        Ira Harkavy, associate vice president of Penn's Netter Center
        for Community Partnerships, moderated the discussion on what
        he said was "the single most important issue that the
        University is focusing on" - helping to develop neighboring
        West Philadelphia. /(This is the "single most important issue
        that the University is focusing on" ??? I would have thought
        that a world class research university would be focusing on
        less important things like education, research, bringing their
        endowment back up to the point where they don't have to fire
        people or raise fees to give it's president a big raise and
        otherwise stay afloat, etc.)

        /West Philadelphia has come a long way since the 1990s, when
        crime was on a major upspring, said panelist and member of the
        Spruce Hill Community Trust Board of Directors Barry
        Grossbach. /(See. Someone still thinks Barry is a community
        "leader." Maybe they don't know about the sad fall from grace
        and standing of the Spruce Hill Community Association.)
        /
        Penn faculty and students, as well as West Philadelphia
        community members, have many more opportunities today to help
        ameliorate their neighborhoods, he added, citing the recent
        success of tutoring endeavors in the community and the Penn
        Alexander Elementary School. /(Well, we can give them that
        one, anyway -- ignoring the real reason for Penn's involvement
        with the school.)
        /
        According to Grossbach, these outreach programs have been so
        successful that outside organizations have started to follow
        Penn's footsteps. For instance, the Teacher's College of
        Columbia University wants to create a program similar to that
        of Alexander Elementary School. /(Do you think they hired Omar
        Blaik as a consultant?)
        /
        "I've seen the change," Leslie Rogers, a Penn doctoral
        candidate, said. As a Penn undergraduate and graduate student,
        she said, she felt that West Philadelphia community members
        were very skeptical of her intentions when she went to
        volunteer and later teach there. Now, Penn faculty and
        students are more warmly welcomed, she said.

        Rogers said Penn undergraduates getting involved in West
        Philadelphia is a key to community-building.

        Thanks to an array of recently established programs, these
        students now "get to actually problem-solve in the community,"
        she said. /(These students are like the bright-eyed
        busy-tailed types that get hired at UCD. They are enthusiastic
        and well meaning -- but naive as newborn lambs and haven't a
        clue about the "problems" faced by people from a side of the
        tracks other than where they, themselves, were born and raised.)
        /
        Still, attendee Glenwood Charles, a Penn graduate who now
        oversees the Netter Center's tutoring program and reading
        initiative, argued that there is still more to be done. /(Yes,
        but how can they raise the probability of doing more good than
        harm? Is there anything in the Penn curriculum that teaches
        the facts of life? ... no, not "those" facts; the other facts.)
        /
        "Get more involved," he told students. "There are a lot of
        opportunities." /(As above... to do harm unless they somehow
        are brought to understand the situations in which they are
        getting involved.)
        /*
        /------------
        /

        /plus ça change, plus c'est la même chose/
        
<http://en.wikipedia.org/wiki/List_of_French_phrases_used_by_English_speakers#P>

        ----- Jean-Baptiste Alphonse Karr





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