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To: RoosterRedux

You are overestimating the sensibility of the planning commission—and maybe New Yorkers in general.


31 posted on 01/25/2021 3:42:39 AM PST by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: ShadowAce
Planning commissions are notoriously fussy and resistant to change.

On top of that, bankers and investors are notoriously careful and wary about anything daring.

After I got tired of retirement (having financed a lot of RE as an investment banker), I worked for my brothers RE appraisal and consulting firm.

My experience tells me that a funky building like the one here is going to be a yuuge problem.

I actually like new ideas in architecture, but change comes slowly and carefully.

I have seen (as you have) a lot of funky buildings get torn down because they quickly became eyesore and laughingstocks.

I am a former Nooo Yawker BTW.;-)

34 posted on 01/25/2021 3:57:52 AM PST by RoosterRedux
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To: ShadowAce; All
Put yourself in the shoes of an investment banker (it's pretty easy actually). You and your firm have a stable of institutional equity investors and lenders--good relationships built from doing a lot of successful deals. Some clients even might have a taste for more interesting architecture.

Would you want to show them this property as a serious investment opportunity?

See how easy that was.;-)

38 posted on 01/25/2021 4:19:45 AM PST by RoosterRedux
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