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Old Posted Apr 30, 2005, 5:30 AM
GeorgeLV GeorgeLV is offline
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Join Date: Feb 2005
Posts: 931
Don B., if you want more skyscrapers in Phoenix then you should really question what effects the precedent of "paying off" the city for development rights leads to.

Anyhow, to kill the mood (sorry), here are some observations that leapt out at me: The article makes it clear that the developer has no experience in building large projects. The article plainly states that they're shopping around for an experienced condo developer to come up with the money and actually do the development. The article even notes that they're still waiting for their market research to come in! As I read it, all they have is a site that they no longer own and a really crude model of a building they have neither the money nor the experience to construct. It's a huge leap to declare that Phoenix will get a new tallest based on the current information available. Now if next week you hear about these guys receiving a couple hundred million dollars in financing you have a story.
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