View Single Post
  #72  
Old Posted Dec 29, 2017, 5:33 PM
ardecila's Avatar
ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 16,368
Well, it was always going to be a matter of time until they left. Rising land values don't really square with low-value uses like scrapyards. They were only able to hold on this long because PMD zoning kept redevelopment at bay, but now Rahm's opened the floodgates to office development.

Of course, even if General Iron shuts down, they may land-bank their holdings and wait for a better price in ten, twenty years. The Labkon family that owns it is very spiteful.
__________________
la forme d'une ville change plus vite, hélas! que le coeur d'un mortel...
Reply With Quote