Quote:
Originally Posted by Obadno
https://www.bizjournals.com/phoenix/news/
Nice to see development pushing west of 7th ave. Grand has basically become what Roosevelt was 10 years ago. And now the city has RFP's for the lots on the Northwest and Southwest corner of 7thave and Washington.
Plus they will be selling/developing the old Police HQ across the street once they finish the update to the former wells Fargo building.
Despite how phoenix RFP's usually go im hoping the downtown momentum will carry projects through.
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CoPs insistence on the iron grip approach to downtown is so tedious.
Why not increase the value of the land by preemptively increasing the entitlements and zoning to what the city wants and then sell it at auction. The entitlements will drive a higher price and force out unserious bidders.
Their insistence on control at every phase simply isn't working. The City simply doesn't have the market knowledge they claim to possess. See for example, the parking lot at Central and Adams. They went with a *LOWER* offer on the parcel because that project supposedly would drive higher city TPT. Of course, city TPT seems to drive many or most city decisions. Years later... we still have no progress on that lot.