Regarding 100 N Main, given that it is listed on the National Register, it would be eligible for historic tax credits. I don't feel strongly about the development group demolishing it; however, given current standards for office space, I'm not sure how viable the current floor to ceiling heights would be for office space. I'd want to make sure that financing was completely in order for new construction on the site prior to demolition. Nothings worse that demolishing a vacant structure only for redevelopment plans to fall through and the lot sit empty for years.
The existing parking structure is a hidden gem, in financial terms. The development of structured parking is extremely expensive; depending on location/construction costs the price could easily range from $40,000 to $50,000 per parking space to develop; that adds up quickly.
Generally it always is cheaper to keep her.
__________________
I built it ground up. You bought it renovated.
|