[QUOTE] Maybe they should not be in the business of buying crappy low rent buildings.
There is not a city in this country where just because you buy a building you receive carta blanch to do what ever it takes to show a profit,there are rules and guidelines if you do not want to follow them do not buy the building,it is quite simple really.
Re-read what I posted.I don't understand what "the city is broke" has to do with this. Are you saying that downtown property owners should just abandon all their buildings and there's no hope?
I don't even know what this means. Obviously Penobscot didn't originally have dedicated parking; no building built in the 20's had dedicated parking. It wasn't needed then. They didn't have internet either back then either.
So the only place in the entire world that you can find pre 1920s buildings without parking is in the city of Detroit?The point is that now, every downtown 20's era office building that isn't abandoned, or massively struggling, has dedicated parking. It's an absolute must for your tenants.
Because of the lack of parking the city is in ruins and the little value placed on the buildings is because of lack of parking ?
Ummm okay, glad we know see the real reason behind the past ills of the city,not enough parking lots.
I can give you some help there maybe,no we are not living on the same planet,I am thinking your planet would resemble a massive parking garage with a big table in the center filled with lawyers crying because they had to walk 6 feet from their car to the elevator.Sometimes I wonder if I'm living in the same planet based on some of these comments. Who would have thunk that law firm partners would want a place to park? In Michigan of all places? What a radical, wacky concept! Who the hell drives a car around these parts?
All in jest though because I had to have some papers drawn up by a lawyer in NYC one time and she seemed to enjoy the 6 block walk from parking to her office as the building was 1920s and quite charming at that,she did mention that she enjoyed the walk because it helped in relieving the stress at the office.
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