Quote:
Originally Posted by Derek loves SD
Who said a power plant that supplies power to downtown has to physically be located downtown?  |
It isn't a power plant, it is a transmission station. The Electra Building was the old power plant.
I am sure that there are miles of cable criscrossing downtown to that site. It would take decades and multi millions of dollars to buy easements and reroute the power lines to a different location downtown.
Unless someone knows of some advanced technology, electricity still needs to be tranferred by wires. I don't think they have some sort of wireless technology yet.
FYI - residential highrise dirt in downtown may actually have a zero or negative value right now. Most residential builders that I have talked to recently say that the revenues for new condos may not exceed the costs to build a new highrise. Office may be different.