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DeemonBruhn

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Posts posted by DeemonBruhn

  1. So at 650K square feet this new building will only have 130K more square footage than their current building.  With how fast they're apparently growing, and with how quickly they outgrew their previous home, it seems like they'd want to give themselves more room than that to grow, doesn't it?  I mean if you're going to go to the trouble of replacing a thirteen year old skyscraper with a brand new skyscraper, it seems like you'd want to make sure it would be capable of filling your needs for awhile.  
     
     

    130k = Approximately 650 People. That’s a lot.
    • Like 2
    • Thanks 1
  2. ^^I like that blue glass look.  Looking around town, it seems we have blue, green, black and silver reflected glass on buildings.  Is there any other color that you guys have ever seen?  I know occasionally you'll see gold...but that was more of a 70's-80's thing...right?


    There is a pink... not used widely for obvious reasons!
    • Haha 1
  3. The PSC property would also need at least as much infrastructure improvement as Nashville Yards, not to mention environmental remediation. Metro shelled out $15.2 million for Nashville Yards, which was only 20% reimbursement of the $79.5 million Southwest Value Partners is paying for their site. It's possible Carl Icahn would try to stick Metro with a higher percentage of the work, since he is less eager to redevelop than Southwest.
    Speaking of, it's important to note that having rights to redevelop a property is not the same as redeveloping that property. If the site held that much development potential it wouldn't need at least a $25 million subsidy to stop being a scrap metal yard. It's entirely possible that Icahn would move PSC, then sit on the lot for an undetermined length of time. He is in the holding business, not the development business.


    Incentives are many times done as tax abatement and could be made dependent on construction commencement, certificate of occupancy, or other similar factors.
    • Like 1
  4. We would’ve paid PSC $25 million to move the site, but they would’ve kept the land and gotten the ability to redevelop it. 


    Nashville Yards stated in the Tennessean Article it will pay over $50 million in taxes a year once developed. PSC Metals could support a similar development. So the ROI in ten years for a $25 million investment would be a 25x.

    Find me any investment where you can have a 25x in ten years.
    • Like 3
  5. Everyone here assumes the Mayor cares about what we perceive as negative press or backlash from the educated and powerful. People that are naturally contrarian count these kind of moments (like telling a big company to go elsewhere) as a success. Spend some time reading the comments on a Tennessean News story or to the Mayor’s Twitter Post; the mouthbreathing crowd is firmly behind this type of crazy destructive action.

    If you need an example, look no further then how the Soccer Stadium “negotiations” are going down. It isn’t a negotiation when only one side is willing to give.

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