Yep, I think you're right. I think the abundant interest in lofts on washington square, prudden place and motor wheel, the stadium district, and others indicates that the perceived "risk" of putting housing downtown is bunk. We'll see how well printer's row sells considering they've got NEZ and target a much much higher target demographic than probably 95% of the other developments we've got going right now.
I hope to see some of the more stagnant properties downtown get a little action... there are always going to be the prospectors who sit on their hands and wait for development to occur around them so they can pump up the price of their buildings, however, if people are making money hand over fist even those guys might realize how much money they're missing out on by NOT developing.
I think the Coal Storage/Power Station RFP is going to be very very attractive to some big national developers because they'll be able to see that there is plenty of demand for housing downtown. I think the fact that the city can attract 85,000 + people downtown for events like Silver Bells and Common Ground display the fact that people aren't resistant to coming downtown... they just need a reason. That plays into the "entertainment" angle I have envisioned for the powerstation (maybe not on the same scale but I'd love to see something like the re-use of Baltimore's old power station for example)
On that end if we can get enough downtown hotel rooms to start attracting some major conferences (while it was contraversial at least city council got rid of that stupid non-compete clause that radisson handcuffed the city with) so we can get some downtown usership... wouldn't you enjoy coming in from out of town if you had a conference and had the option of entertainment, sports, bars, and shops all within a 2 block radius? I've been to enough out of town conferences to know that Lansing would be particularly unique in proximity to all of these things to its conference center if they could pull it off... now its just a matter of somebody stepping to the plate and making the investment.