Downtown Construction

**emu steve** · December-09-15, 05:27 AM

Originally Posted by jmarie

I read a week or so ago that he was trying to buy the parking garage [[Hudson site) from the city. Maybe his plans are dependent on the acquisition.

Is this a case where development doesn't make sense without the parking?

That is, whatever he plans to put up needs the parking and he needs the money from that parking so that the development makes sense financially.

**mikeg19** · December-09-15, 06:58 AM

Originally Posted by emu steve

Is this a case where development doesn't make sense without the parking?

That is, whatever he plans to put up needs the parking and he needs the money from that parking so that the development makes sense financially.

I'd say that's a pretty good assumption right there. Considering this is going to be a major development, with retail, housing, entertainment, etc, there is not enough parking in the area to support all of those components without that garage. You could probably argue that even that garage isn't going to be enough, but again, we don't know his full plan for the site.

**jmarie** · December-09-15, 09:51 PM

Originally Posted by mikeg19

You could probably argue that even that garage isn't going to be enough, but again, we don't know his full plan for the site.

I wonder how many spots are filled with people on monthly contracts.
Regardless, 900 parking spots are definitely not enough. QL employees currently park as far as New Center and are shuttled in. 900 parking spots won't put much of a dent in his current parking problem, much less support a new building.