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Originally Posted by innovativethinking
It seems like your the actual newbie to my beautiful city.
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I've been here nearly 20 years.
Quote:
Originally Posted by innovativethinking
You keep saying financial sense. Have you read these reports on the economy here? It's booming. If not now when? It's a legitimate question
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It's a legitimate question with zero thought.
Do you understand how complicated the process of getting something built is? Think about it logically. Pick a lot that should be redeveloped. How about the parking lot block at SW 10th & Washington.
Seriously. Put some thought into what it would take to get a tower built there. Think about what it would take to buy the block. Think of something that would make financial sense to build - something that would turn enough of a profit to make the project worthwhile. Think about the process of finding funding to build it. Think about the process of getting approved whatever the firm you hired designed. Think about the fact that height increases costs. Are you building apartments? Height increases the cost to rent them. Condos? Height increases the cost to buy them. What's the market like at those price points? Yeah, yeah, we all know Portland is facing a housing crunch, but high end units are having trouble leasing because that's not where the demand is. So, maybe 50 stories of apartments or condos won't pencil out. How about a hotel? Please. We're seeing so many hotels go up right now that by the time your project even breaks down the market could be saturated. Fine. Maybe you'll build an office tower. Height increases the cost you'll have to lease at. What's the market like for high end office space? What about ground floor retail? What's the market like? What has you convinced you can lease the space at the prices you'll need to ask when we've already got plenty of available retail spaces available? Can you get financing from banks to build it?
I've only scratched the surface here.
Think about how much time all of that planning and construction will take, and then think about how we've got a yellow haired orange spray tanned maniac in the white house. How can anyone even begin to guess what will happen if/when he gets impeached? ...or what happens to the economy if he doesn't? What if he tries to get us into a war with North Korea? What would THAT do to the economy? What if the Syria situation turns ugly? What if Trump gets us into a trade war with China? Good grief, man, there are so many variables, any of which could crater the economy enough to bring a project to a standstill. You DO remember the years when PAW was stalled as a hole in the ground, right? You think there weren't costs incurred during the standstill?
I've only scratched the surface here.
Saying developers are "chicken" or that Portland doesn't like whatever the heck it is you dream of shows a total lack of understanding of the bare bones basics.
Are you aware that we've got a shortage of labor to even build right now? Sky3 on Jefferson is over a decade late and it's still not done. So many other projects completely fell through. Most have been forgotten. The Delano was one I really wanted to see happen. Nope.
The idea that Portland doesn't like tall and that developers are chicken... it's a middle school understanding of the way the world works, which is why I assumed you're a kid.
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