Fletch

If they're only undertaking new construction on the B-C, the price tag is going to be much higher than $180 million. The so-called "envelope" surrounding the interior framework is showing definite signs of shearing or "cracking" (i.e. vertical fault lines and loose bricks). Any structural engineer would recommend shoring these problems up before anything else is done inside. So, to realistically convert these properties into fully-functioning, profitable enterprises, we're talking here about a price tag of $400-500 million dollars in private and public funds. Notwithstanding the historical and architectural significance of these buildings, that's a lot of money folks. Where's it going to come from?