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12-05-2012, 02:27 PM
  #48
smackdaddy
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God it's like deja vu.

This, by the way, is a very similar concept that Katz in Edmonton developed. The city in the midst of an economic boom due to the oilfields. That was completely shot down.

Now the city of Edmonton has decided it is going to scrap the revitalization plan and stick with a single-purpose building that is scaled down significantly. On top of that, the city is paying for the whole thing. Makes a lot of sense, right?

If anything, Detroit using this model and actually succeeding in developing it should very interesting to watch. I've always thought this type of model would be wildly successful for both the public and the tenants. To see it succeed in Detroit and then watch Edmonton's daft plan fall flat on its face is going to be very telling.

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