Quote:
Originally Posted by chicubs111
Im afraid this city is going to end up with many mainstream architects passing up on Chicago for there "signature" designs because of the bureaucracy that we have been seeing from alderman in the past 10 years or so
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The development process and city bureaucracy are not new developments (been this way for decades) so if there's been a recent shift in patterns I wouldn't attribute it to that. It's also not significantly easier to build in NYC which has it's own bureaucratic trials and tribulations to deal with. Also, if you're looking at a 10 year span, your view will be distorted since for several years during the Great Recession there was very little development activity at all.
It's far more likely that it's about money, particularly the rate of return. Signature designs can command steep prices in the NYC real estate market which helps to justify the cost. Investors and lenders are very conscious of costs after the excess of the building boom that preceded the recession.