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Originally Posted by Bluenote
TBH. The city should just take a hit and buy that lot. Least then it has a chance of being sold to a company that isn’t a bunch of BS.
I’d rather have $9 million of my tax dollars spent on this then some of the other pipe dreams Bowman spends our money on.
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This is about the worst idea I've heard this year.
Quote:
Originally Posted by esquire
The funny thing is if Fortress had pitched a 25 storey condo building at the outset, there's a decent chance that they could have built it and cashed out by now.
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Quote:
Originally Posted by Urban recluse
That’s what I thought, but they had to go bigger based on the revenue they need after paying so much for the land???
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What's funny/weird is that the land was assessed around $3m in market value I believe... So they probably could have paid $5-6m for it. Seems like they almost paid extra to inflate the value of the project as a whole.