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colemangaines

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Posts posted by colemangaines

  1. 3 minutes ago, go_outside said:

    Storyville Gardens developers are targeting a property between Interstate 40 and U.S. highways 231 and 70 in Lebanon. From the Nashville Business Journal:

    G.C. Hixson, executive director of the Joint Economic & Community Development Board of Wilson County, said Monday it's his understanding that developers are targeting a property dubbed "Cumberland Center" between Interstate 40 and U.S. highways 231 and 70.

    LoopNet lists the land as being under contract. It's unclear if other sites or locations are also under consideration for the park.

    The Cumberland Center land spans 132 acres and fronts I-40 for nearly a mile, according to the LoopNet listing. Steve Moor and Danny Hale, brokers at Hendersonville-based Halo Realty, are handling marketing efforts. Moor declined to comment for the story, and an attempt to reach Hale on Monday afternoon was not immediately successful. The site is listed for $12 million.

    195666962_StoryvilleMap.thumb.png.4f30571d73ec125ceb0af9f253e84f78.png

    Wow that's like IN Lebanon, not just near it. My rough Google Maps-estimate says that's around 100 acres, about the same size as Disneyland. 

    • Like 3
  2. 5 hours ago, Brit_in_Gtown said:

    Bottom line is that they are not going anywhere, no matter what is highest and best use for their land.

    I can't decide my opinion on this, it feels like the classic "unstoppable force meets immovable object." Given the record-breaking deal this week at 10th and Lea that pushed $20MM/acre, and the Rescue Mission's campus being just over 5 acres, they could easily push $100MM+ for that lot, especially as the roundabout projects fill out. On the other hand, their mission relies on being close to the population they serve, who hang around downtown. Maybe they could cut some deal where they consolidate onto a site with a smaller footprint, I'm not sure. But it definitely feels like a 9-figure check could sway some opinions.

  3. 28 minutes ago, Armacing said:

    Yeah, I am right.  And you shouldn't let one financial difficulty cause you to throw up your hands in despair and embrace socialism.  There are a million things I would like to buy that I can't afford, but you don't see me saying "I'm done with the free market!  Let's take everyone's rights and property so that I can get what I want!".  ...Because I know where that train leads and it is not a beautiful utopia where I get more stuff, it's a dismal land of suffering where everyone (including me) has less.

    In my opinion this relies on a misrepresentation of the real estate market - it really isn't much of a free market. The government, for a given lot, has said "you can't build this, you can't build that, we don't want anything like this, etc." That's inherently not a free market. I understand why we have these rules and regulations, there should definitely be some planning and direction for land use. But in my opinion the solution is to make the real estate market MORE of a free market. Allow developers to build taller, denser, higher-ROI projects that'll make their financers happy and provide more supply for the neighborhood. Their may be the occasional embarrassment *cough cough HAVEN cough* but I think the rewards far outweigh the risks.

    • Like 1
  4. 9 minutes ago, ThunderOne said:

    I was just thinking you'd have to have a death wish to parallel park directly in front of the stores on Charlotte Ave

    On that note, I think this highlights how out of place this strip of shops is on Charlotte. You have front entranced, sidewalk accessible stores with zero setback attached to a major four lane thoroughfare. I really like the look and feel of these shops, and Charlotte was probably much less intimidating when they were built, but it seems like a bad fit now.

    • Like 1
  5. 13 minutes ago, Baronakim said:

    Sorry but while the seeismic REQUIREMENTS are not high, but from my studies over the past five decades, IMO they are dangerously inadequate.  I have conferred  over the years with a top seimologist at Vanderbilt and also the heads of TEMA nad FEMA here in Tennessee and they agreed with the inadequacies.  Regretably these standards are legislatively controlled and do not  recognize conditions which are now 40 to 50 years MORE stressed than they were when I first started my practice as an architect.  It has now been over 200 years since the New Madrid movement on the southern end of the Reelfoot Rift, but MUCH longer since the northern end up through the Wabash River into Illinois and Indiana.  There lies our biggest threat to Nashville.  I definitely do not believe  that people today understand the gravity of the forces involved.  The New Madrid quakes were devastating more from liquification than from the actual forces in the bedrock.  Here in Nashville, the settlers wer knocked off their feet and could not stand for over a couple of minutes.  Only stone chimneys were collapsed for the most part and the interlocking log construction of small log cabins was adequate to allow movement.  Not so today.  On top of many structural systems that may perform questionably, there is the fact that all seismic studies for the gravity dams on our rivers were done back in the 1940s and 50s,  Virtually all of these werecalculated at much lower pool levels than the resevoirs are currently maintained. which endangers the earthen dikes adjacent to the concrete dams.  A quake of similar magnitude could have significant and immediate breaches, especially upstream of Nashville.  Do not place a great deal of faith in  government standards  we have today.

    Oh man. I already have to make an effort to not stress about the Wolf Creek, Dale Hollow, Center Hill, Cordell Hull, Old Hickory, or Percy Priest Dams failing, now there's this to think about too. Not to sound like an alarmist but we really seem overdue for something serious.

  6. 3 minutes ago, PaulChinetti said:

    https://www.vox.com/policy-and-politics/22951092/land-tax-housing-crisis

    Interesting article. I've never heard of the idea before.

    I assume, closer to the core, and around say exits on the interstate, etc, the land tax would be higher. 

    I've always been interested in the idea of a Land Value Tax in Nashville. If you're curious you should look up Georgism - it's an entire economic philosophy built on Henry George's ideas, mainly the LVT. 

    • Like 1
  7. 46 minutes ago, Logan McCoy said:

    Is this project moving forward?

    Welcome to the board Logan!

    This project is definitely less concrete than most in Nashville right now. Some of the more informed board members may have more info, but as of now I don't think there's much traction. Personally I saw the press release a few months ago as more of an advertisement, trying to earn attention from an Oracle or Amazon type client to move in. Without a major tenant I don't see it happening at the scope described.

    • Like 1
  8. 26 minutes ago, fishsticks176 said:

    So there's been a very active group of people, The Friends of Cook Recreation Area, that have been petitioning and speaking up to keep this from happening. I'm on their email list and they sent something out an hour ago saying the Corp of Engineers has reversed the decision to develop. Goes to show that grouping together and making your voice heard can have a big impact on the community.
     

     

    Image from iOS.png

    • Like 2
  9. According to the most recent data from the Census Bureau (2019), just under 200k Americans moved to TN in that year. California was the sixth biggest source at just under 12k (around 6% of transplants). The top 5 were Florida, Texas, North Carolina, Georgia, and Mississippi. I do think Californian transplants are more visible for a few reasons, mainly being more affluent on average and concentrating in Tennessee's urban areas. I think a lot of it is cultural/political as well. I've worked with a guy for several months and just recently learned he moved here from NC less than a year ago, but he blends right in.

    If you're interested in looking at the data yourself, you can download it here: https://www.census.gov/data/tables/time-series/demo/geographic-mobility/state-to-state-migration.html

    • Like 4
  10. The Nashville Post is reporting that the State will sell Citizens Plaza to Metro, and the State is also looking to sell the James K. Polk building, likely to be demolished in the face of enormous repair and upkeep costs.

     

    https://www.nashvillepost.com/business/development/state-nears-sale-of-downtown-tower-preps-to-lease-other/article_c052cda6-8b6d-11ec-a826-8b773c8ec82b.html

    • Like 3
    • Sad 1
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