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cthayes75

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Posts posted by cthayes75

  1. Meeker went through 4 elections just so his son could help renovate a building that cost 800,000 dollars to purchase in July 2008?? This is so utterly ridiculous I almost don't have a response. If one of them was on say the board of RBC or Highwoods I might think so. When my father was a park ranger, I began to think it was a good idea to buy land next to parks. If that park paid twice the assessed value to add my land to it then you have a problem. But if I built some cabins on my land and trumpeted access to the adjacent park as a perk, well then kudos to me. Kudos to the Meekers for having the same vision for downtown and having the resolve to make it happen. The whole city needs a strong core. The burbs can't support themselves...their tax density isn't high enough (new term I coined...function of assessed value). I would think the boys at Civitas would understand such basic math...but policy wonks don't have a degree in numbers and political science is as big an oxymoron as I've ever heard.

    Well thanks for the veiled insult Jones, by my business school professors say I do know a little bit about numbers, otherwise they wouldn't have awarded me that Master's degree, now would they? If you think you know so much about me, why don't you take the time to read my publicly available bio. I feel so informal about this, you seem to know so much about you, yet I don't even know your name, why is that? Oh, maybe its because I don't hide behind an anonymous message board persona.

    You know what else I know? I also know that if I or my family members buy up land and then use public resources to improve the value of that land, that I have some ethical, um, "challenges."

  2. So Meeker hoodwinked the four other council members who supported financing & building the convention center, Fayetteville St, etc so several years later his son could then remodel an old storefront on Wilmington St? Hmm maybe you're right. Maybe he is a distant relative of Hatem too. Yeah, it's a vast conspiracy! :lol:

    Downtown benefits a lot of people, not the least of which is the rest of the city, which is partially subsidized by the tax base generated from a strong downtown. You are barking up the wrong tree.

    Don't know why you feel the need to point out the corruption of the NC Senate to me given I've been on that beat for about 3 years now...

    On a different note:

    Hard Times Cafe closing this week.

    http://www.newraleigh.com/articles/archive...s-cafe-closing/

  3. Yeah, that stretch of Hillsborough has a ton of potential as is. The traffic speed is also slow and conducive to pedestrians, the trees are mature and make a nice canopy, and of course its sandwiched nicely between all the other nameable districts downtown. I never could figure out what to do with the building being discussed but a coffee/sandwich shop would be a good fit I think. I had been trying to think of a good place for one between Helios and Morning Times/Port City, something with a Third Place type feel since Third Place took themselves off the map with the early closing times.

    I figured a spot in The Hillsborough was the most logical place.

    Kinda interesting that Second Empire makes a move on this right after the plug is pulled on The Hillsborough.

  4. Jimmy johns does make good subs but definitely not worth a press conference. Not really a retail comment but PE's new first floor awnings is coming together with a mild resemblance to the CC in my opinion. It outta fit better with the plaza.

    If a Subway opened up in North Raleigh, would the Mayor show up and make a big announcement?

  5. ^I too thought the area between Capital and Glenwood would make a good spot for say a Kroger...if it was surrounded by about 10 more West and Quorum size buildings. Much to the dismay of people in Mordecai, Oakwood and Pilot Mill, they are simply not enough to support much more than a Contis size place..and even he shut down to just do catering. Also, while the owner of the shopping center did a nice job on the buildings themselves, the location indeed, is not ready to support the rents he either wants to, or needs to collect. Isolated and quiet as it is, tearing down those warehouses, and putting in row upon row of townhouses would have fit just fine. Stuck with the expensive commercial rehab now though, I am not sure what the best way forward is. I have never seen Tookies, Peace China, or Ace Hardware busy, though I go to all three from time to time. I know about the various issues with this approach, but a two-lane Fairview Road viaduct to Halifax Street, is still the best hope for this area....now or after another few thousand people eventually make their way to living downtown. Right now, I am even worried about Blount Street Commons. There are four row homes and four carriage homes being built, and I think the website showed some of those sold, but there is clearly no rush to build out the whole block. This is all of course, one piece of slowed economic everything here and elsewhere in the world. The price of all this land....Blount Street, Seaboard Station...its all probably pushed economic reality beyond its max.

    Tookies has been busy every time I've been there for lunch.

    Peace China, well... let's just say I was less than impressed. I'll get Red Dragon or take out a 2nd mortgage on the house and splurge for PF Chang's before I go back there.

    Ace has been dead every time I've been in there. I don't know how they will make it.

  6. Ok, I hate to seem like I'm against poor people, but when is the City going to relocate the low-income housing residents out of that tower on Glenwood South and sell that huge piece of land off to developers.

    It just doesn't fit the area anymore. Time for it to go.

    Over 2 acres of land generating no tax revenue in a high growth area.

  7. FYI, the Manhattan Cafe is now open in the old NY Deli (?) spot in the Hudson on Wilmington St. I hope they can get a bit more business in that location, but that spot is a little cut-off from the main retail corridor of F-St and has not one or two, but three driveways/loading docks (Hudson, RBC parking, RBC loading bays) between it's frontage and Wilmington/Martin St.

    Empire/Neomonde's Sitti (now with an extra "t") is moving along nicely and looks to be more than 50% complete.

    Ate their today to try it out.

    They have a build your own salad bar and a build your own pasta bar. Hot items like burgers and gyros available as well.

    The deli sandwiches are all pre-made and sitting in a deli case and pulled out for your order. That was a little disappointing. I know it saves time, but just makes me wonder about the freshness.

    Food was OK. I had a chicken parmesan panini that was pre-made in the deli case, they took it out and grilled it.

    With chips and drink combo it was $9.14.

  8. I saw signs today against the Cameron Village "Towers". puhleeez.

    The thing that surprised me the most about these signs were they were primarily in the yards of the older African-American households on Oberlin.

    I know there is some concern about increased traffic on Oberlin near Wade (I know firsthand that you can sometimes have a quite long wait turning left off Craig or Hillcrest onto Oberlin), but I can take more traffic if I have more places I can walk to and it increases my property value.

    To steal the GOP's mantra from last month instead of "Drill Baby Drill" I say "Build Baby Build."

  9. Looks like Obama is moving his headquarters to empty storefront on the corner of Hargett and Wilmington (surrounded on both sides by the Brass Grill).

    Temporary tenancy, but tenants nonetheless.

    On a different note, has anyone heard anything on retail updates at Oberlin Court? Construction seems to be moving along and yet we hear nothing announced regarding restaurants or shops.

  10. Anyone hearing rumors that Rocky Top Hospitality (Michael Deans people) is struggling pretty bad?

    Supposedly, 1705Prime has been pretty much a flop. It's overpriced and is not drawing near the crowds that Michael Deans' did at that location.

    The new Michael Deans' isn't drawing well.

    I ate at Bogarts on Saturday night and although the place was crowded (mainly from prom crowds -- I was still able to walk in at 7:45 and get a table for 4 with no wait), they had changed up the menu, reduced portions and increased prices. They even started charging $1 for bread.

    A guy I was with is in restaurant wine sales and he said the whole company is hurting, mainly due to 1705Prime's failures.

    Didn't know if anyone else had heard the same.

  11. I just read in the Triangle Business Journal that Yancy's restaurant, (located on Fayettville St and the Longbranch Saloon music club,(in north Raleigh), both filed for bankruptcy. So sad! But both plan to stay open, (bigger question is for how long)? :(

    I had been to Yancey's 3-4 times for lunch in the 6 months after they opened and haven't been back. Food on the buffet was hit or miss, some things great, others not so much.

    The other problem was the service was pretty bad. For a bunch of people ordering fromt he buffet I expected a little more prompt service on refilling the drinks. And having to wait on the check is completely unacceptable. And it wasn't that cheap either. Start getting into the $12-15 range for lunch and it doesn't make the usual rotation.

  12. Not sure about HOA dues (would be nice), but i'm certain that the aforementioned will increase the daily foot traffic and we'll see more street level retail. According to the Reynolds, there will be retail units in their bldg facing the Dawson.

    When I lived up in DC there was a coffee shop/restaurant called Cosi XandO that served small plates, coffee and alcohol. Fantastic place and something like that would be perfect for the Reynolds Building with the Campbell Law School coming in.

    They had these individual smores kits where you'd get a little burner and all the components... perfect way to finish off a night out around 2 or 3.

  13. What really matters is the total amount of tax revenue the state gets, which is a combination of all taxes, and in that regard our taxes are not spectacular. Those corporate income taxes would have to be replaced with another tax for the state to continue balancing its budget.

    You mean like collecting $1.2 billion per year in corporate income taxes and spending $1.3 billion per year in economic incentives?

    Cause then, ending incentives and eliminating the corporate income tax would result in a net positive for the state's budget.

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