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Downtown Development | 5 comments (5 topical, 0 hidden)
It's their money (none / 0) (#2)
by tmonjeau on Thu Apr 17, 2008 at 09:00:55 AM EST
Don't you think that Queri Dev. has done their due diligence and research before they decided to spend their $40-50 million here?  Perhaps they know or believe something that you don't.  A successful development company like Queri is not in the habit of throwing their money away.  

  If I had $40-50 million I don't know if I would invest it in such a development, but it is their money  and their research. Also, as far as I can tell, the privately developed 677 Broadway building is doing quite well and this development will be basically right next door.  I sure hope that Queri is correct in their decision.

  As to your cannonball comment, since I never leave my office downtown before 6 or 7 pm (or later), I almost always see people around downtown.  Since I have had my office down here since 1987, the change has been remarkable.  And, without a doubt, the Knick-Pepsi-TUC has been the catalyst.  This observation is why I am still hopefull that a way can be found to do the Conv. Ctr., keeping in mind that if there is any way that the City could end up on the hook for any $$ connected with it, then fuggedaboutit.  The City is already at the financial precipice.

Time for you to go home (none / 0) (#4)
by A Muse on Mon Apr 21, 2008 at 02:45:13 PM EST
You might be correct however Countrywide, and Enron did their homework.  That cannon ball just landed on your foot.  The terrible times that we are about to go through bring opportunities and it is possible that options for the revitalization of Albany exist.  Unfortunately I do not believe that anyone presently in the City government has the ability to understand or take actions that are required to take advantage of the opportunities.  Soaring energy prices now and in the future bring opportunities to vacant cities.  You have a Jennings Administration.  People tend to hire people like themselves.

[ Parent ]

Downtown Development | 5 comments (5 topical, 0 hidden)
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