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Genius
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Default 20th March 2008

Quote:
Originally Posted by fidelio View Post
Genius, it's a very mercantile world out there, nobody really wants to invest in restoring an old building, it's a bad investment of money. Sure, everything can be restored, but it all comes down to the cost.
Besides, those buildings are not of an "exceptional" architectural value.
If i was advising Solidere on this issue, i would have probably told them to destroy 2 of them and restore one in a way to incorporate it to the final project. But still, it's a long shot, because the lot is probably worth a lot of money.
It all goes down to the priorities ...
I understand the value of the land etc etc, the problem is classification, i dont think making the downtown similar to american cities/Golf cities is a good idea. Making the water front high rises, instead of making it look like the mediteranean cities (Nice, Cannes ... ) is a huuge mistake !!

But i would love to see some legal docs concerning all the buildings and lands on Solidere, how everything was evaluated ..

How about these 3 buildings in question ? Sure you evaluated them .. but legal docs? age ? etc
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