[The Promenade At Chenal]

after reading his previous post, there is a definite agenda towards RED

First, I'm not a he, and second I'm not lou s.

I'm just a concerned citizen that has done "some" research on this development and

had an opinion. It was based on information from friends in KC. I guess if you don't

follow the hype, you are an outcast. Very simplistically,............ if you try to calculate

how many tenants would be in 400K SF @ Promenade, I ( just me apparently) don't see how there's 40-75 other tenants out there.

If I'm wrong, so be it. The fact remains that that was a beautiful piece of tree canopy/ I will post no more .

[The Promenade At Chenal]

This weekend, RED Development moved its link for the Promenade at Chenal from

[The Promenade At Chenal]

"I assume you are basing your assertions on previous developments by RED, so tell us about a few examples and describe those sites so we have a better idea. Were they urban or suburban projects?"

Quote from RED / Sparks, NV Chamber:

"RED Development's design for The Legends at Sparks Marina includes a minimum of 800,000 square feet of retail space and is estimated to cost up to $400 million. Because the project is designed to boost tourism, the recently approved STAR (Sales Tax Anticipated Revenue) bonds, a unique financing tool available for projects that have a positive impact on the region or state, will be utilized to fund the project. RED is also currently utilizing STAR bonds at the recently opened The Legends at Village West in Kansas City, Kansas, and most of their projects."

[The Promenade At Chenal]

That land was all Deltic Timber land used for logging for decades, it was planted with pines instead of hardwoods for that reason so it could be logged. Most of LR is covered in hardwoods but Deltic's land was planted with pines much like the lumber country of southern Arkansas.

Like you were saying, if you look at Chenal Valley's master plan there are to be numerous undeveloped wilderness areas left as is to preserve the feel of the area. Of course, parts of this are just too steep to easily develop.

The issue is that RED is going to ask to build something that we will have to pay for

through their standard plea for "sales tax revenue bonds" to make up at least 30% of the budget.

Don't kid yourself and think that these guys are charitable non-resident absentee do gooders.

The developers and strategic retailers are only coming if they get huge perks, like low lease rates,

free sites, % ownership, and on and on. RED history is wait until D Day and then negotiate or they bail

and we get left with a lunar landscape site.

[The Promenade At Chenal]

Back to Promenade, based upon the existing development, and the planned future condos in the area and other items, I think this will likely be a success and it's lifestyle theme will sit well in that wooded/natural location.

[The Promenade At Chenal]

I was expecting it to be a little higher end, I'm not sure how it could be the same or lower because who would those tenants be?

I'm not sure if they're going for traditional mall tenants or big boxes.

What I do know is the restaurant market in LR is really looking up right now.

RED is in trouble in several locations already. Buildings and projects promised that

were not completed even in their own back yard, KC. Lots of hype but no cred.

Hope it happens as that WAS a beautiful site, but I'm not counting on anything but

local retail...........it's adjacent to millions of square feet of strip center .