Quote Originally Posted by Richard View Post
Yes discussing it but you first have to ask GM if they really care about turning it around financially in the first place,it’s probably a good deprecation write down and was it really intended to be self supporting in the first place.
GM occupied a large percentage of the building because it was purchased to house their employees. They no longer need a lot of that space and other tenants have left as well. The huge public spaces are and always have been a write-off but they can't afford to have 6 huge towers with very low occupancy. To say they are happy because it's a write-down makes no sense. Did they build the Wintergarden because it would be more space to write off? I guess Gilbert will be okay if the Hudson Site sits empty because it's a write-off?