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  #61  
Old Posted Apr 29, 2008, 5:35 PM
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Originally Posted by JDRCRASH View Post
Seriously, though, I think its time we let this one die. Its already going to be over 2 years delayed.
So is this officially on hold or cancelled or what....
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  #62  
Old Posted Apr 29, 2008, 7:11 PM
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Originally Posted by JDRCRASH View Post
Seriously, though, I think its time we let this one die. Its already going to be over 2 years delayed.
That's the dumbest thing ever.
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  #63  
Old Posted Apr 29, 2008, 8:20 PM
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Originally Posted by M II A II R II K View Post
So is this officially on hold or cancelled or what....
I didn't say that. It's still a propasal; what i'm saying is that we need to give up on our hopes that this project will move forward before the real estate market upswings again.

IOW, you don't need to have it moved.....for now.
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  #64  
Old Posted Apr 29, 2008, 8:21 PM
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Originally Posted by Westsidelife View Post
That's the dumbest thing ever.
Please, clarify what you mean by that before you make such a baseless remark.

Believe me, I like the project, too(it may be the most important project I wish would be completed); however ladowntowner is right, I just don't see it breaking ground soon anymore, whether this year or even next year.

Keep in mind the total cost is likely to rise further before it plummets; i'd predict by the time Related Co. obtains the construction loan, the total price of the undertaking will already have skyrocketed from $3 Billion, to $5 Billion.
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  #65  
Old Posted Apr 29, 2008, 11:03 PM
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Quote:
Originally Posted by Westsidelife View Post
That's the dumbest thing ever.

Oh Westsidelife, pleeeease, it's not the dumbest thing ever.......



In the article above the owner clarifies that:

Quote:
The latest rescheduling stems from the difficulty in securing a construction loan in the ongoing credit crunch. The previous schedule, he said, was based on the assumption that Related would be able to secure construction financing based on partially completed construction documents.

"As the financial world tightens and tightens, it's clear that's not going to be possible," said Witte.

"Nothing has changed in the timing of the documents," he added. "What has changed is our assessment of whether we can get a loan right now."

The developer plans to finalize construction documents for the Bunker Hill complex, which will include design details and help determine building costs, by the end of the year.
They need to finalize the design details to secure a loan. It's still an ongoing project.

Last edited by DowntownCharlieBrown; Apr 30, 2008 at 7:04 PM.
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  #66  
Old Posted Apr 29, 2008, 11:13 PM
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Owell..but thinking about it, 2009 will (hopefully) be the start of the US's turn around in the economic department.
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  #67  
Old Posted Apr 29, 2008, 11:18 PM
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It would so not be a good laugh if Related were to cancel this project altogether, especially after all the hype and publicity it's gotten. So construction is being delayed for another year. It happens. Learn to be patient and get over it.
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  #68  
Old Posted May 1, 2008, 3:18 PM
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Originally Posted by DowntownCharlieBrown View Post
Oh Westsidelife, pleeeease, it's not the dumbest thing ever.......
It's not dumb, period. This project has been postponed since 2006, so yes, it will be over 2 years.
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  #69  
Old Posted May 1, 2008, 4:53 PM
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^ That's not what you said earlier. You said that we should "let this one die" because of delay upon delay.
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  #70  
Old Posted May 1, 2008, 5:08 PM
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Originally Posted by Westsidelife View Post
^ That's not what you said earlier. You said that we should "let this one die" because of delay upon delay.
When I meant die, I meant forgetting about it indefinitely until this period of economic contraction ceases, which won't be for a while.

IOW, we should assume that this project(for now) is dead because it may not make it in the current slowing building boom.
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  #71  
Old Posted May 2, 2008, 3:41 AM
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Originally Posted by JDRCRASH View Post
It's not dumb, period. This project has been postponed since 2006, so yes, it will be over 2 years.

Everybody forget it. JDR made another statement that everybody misread what he really meant and he will keep coming back with a new post until it's beaten to death.

OK, JDR, it's not dumb. Just really silly, period, if you're going to give up on every project that takes two years. If you look at all the serious proposals for LA, they're two years old, or getting really close to it. The Grand and maybe Park Fifth are the only ones that seem to be advertising what steps they're taking so that ground breaking can take place. So if you're going to give up on this one, then you might as well give up on all the LA projects. Then there is no need for you to visit the LA Foru.... hey.... no, I would miss your silly comments and contributions too much. Don't give up on us, and we won't give up on you!

Last edited by DowntownCharlieBrown; May 2, 2008 at 6:17 PM.
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  #72  
Old Posted May 2, 2008, 2:35 PM
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I don't know what I think of this, but I do think it is good for LA.
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  #73  
Old Posted May 2, 2008, 5:25 PM
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Originally Posted by DowntownCharlieBrown View Post
OK, JDR, it's not dumb. Just really silly, period, if you're going to give up on every project that takes two years. If you look at all the serious proposals for LA, they're two years old, or getting really close to it. The Grand and maybe Park Fifth are the only ones that seem to be advertising what steps they're taking so that ground breaking can take place.
What about L.A. Live?
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  #74  
Old Posted May 2, 2008, 6:13 PM
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^What about it? It broke ground and is under construction. It's not a proposal and I said "proposals".
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  #75  
Old Posted May 2, 2008, 6:15 PM
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Originally Posted by DowntownCharlieBrown View Post
^What about it? It broke ground and is under construction. It's not a proposal and said "proposals".
Sighh....I was talking about the time when it was proposed to breaking ground!

Do you really believe i'm stupid enough to be oblivious that L.A. Live is U/C?
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  #76  
Old Posted May 2, 2008, 6:23 PM
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Originally Posted by JDRCRASH View Post
Sighh....I was talking about the time when it was proposed to breaking ground!

I just knew you were going to come back with something to explain "what you really meant"

Quote:
Do you really believe i'm stupid enough to be oblivious that L.A. Live is U/C
Since you made it too easy for me, I'll leave this one alone.
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  #77  
Old Posted May 2, 2008, 6:27 PM
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Originally Posted by DowntownCharlieBrown View Post
I just knew you were going to come back with something to explain "what you really meant"
Okay then, everytime I want to explain myself, I will do it detail for detail, alright?

Be logical; I comment on L.A. Live being under-construction in the other threads, so how in the world could I not know that it was under-construction if i've credited it before on it's progress? (unless you forgot)


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Since you made it too easy for me, I'll leave this one alone.
I'm taking that as a yes.
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  #78  
Old Posted May 2, 2008, 7:04 PM
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LOL @ this "discussion".
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  #79  
Old Posted May 2, 2008, 7:07 PM
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Originally Posted by Westsidelife View Post
LOL @ this "discussion".
Good point. Back on-topic:

I'm guessing the Parking structure is still closed. Was it a toll parking center? If so, that would bring extra revenues in the time being.
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  #80  
Old Posted May 2, 2008, 7:32 PM
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Hilarious.
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