The most expensive of the CRDA projects for the CRDA, and its first, is finally closing, 777 Main St. The level of the subsidy needed exposes this project to more criticism, but the question as always is what was the alternative, in this instance clear, $1M per floor to haul away all the environmentally hazardous materials. Another empty tower in the downtown for years to come, deteriorating at the street level and selling into a consolidating corporate environment. Big companies have been foot print shrinking so if not for the Governor’s push to buy and occupy some otherwise empty downtown towers, this one would have joined a deep bench of empty. And here’s one fact that tells the difference between Bruce Becker and a certain building owner from Boston who swept up a lot of buildings in the last boom, from what I have seen in New Haven, Becker does not phone it it. Becker himself chaired the non-profit Board that operated New Haven’s Elm City Market, the other guys bought millions of dollars worth of equipment and waited, hoping for someone willing to live with preexisting equipment and lay out.
Posted on: Sun, 30 Mar 2014 20:52:22 +0000
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