The real reason the ‘Uptown’ project has been delayed

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Image; KELO-TV

Looks like someone from the Uptown project let the cat out of the bag;

“The next step is really figuring out where they go. Where those contaminated soils go in a way that’s environmentally friendly,” Fleming said.

Developers are working with local and state officials to resolve those issues, but building the Arches is also being held up by the ailing economy.

“We did have two tenants who decided to hold off a little bit due to the economy,” Fleming said.

I have a funny feeling this is more about the economy and not the contaminants. I think the development group used that as an excuse to hold off buying the land. I can guarantee, if they had enough tenants interested in the property, they would have bought and cleaned up that land a long time ago. As I reported a few months back, business development value is half of what it was last year. Contaminated dirt, yeah right. And the city taxpayers are left holding the bag, once again.

8 comments ↓

#1 Costner on 06.19.09 at 6:46 am

Is there really any bag to hold here Lewis? Seems to me the land looks pretty good just bare and full of grass. I’m not so sure the taxpayer is better off with it staying wide open for summer events instead of letting it be developed into condos and kitschy retail shops that nobody really wants to shop in.

However, this goes to show that people aren’t nearly as interested as working, shopping, and living downtown as DTSF and our mayor would like us to believe. Just look at the condos that have been built in the old furniture building… they have been sitting mostly empty for something like 18 months.

#2 l3wis on 06.19.09 at 6:58 am

I think it should be developed, but I don’t think the Uptown vision is the right one. I have suggested that they build it like a boardwalk with only 2 and 3 story storefronts and more sidewalk space and open seating areas. I just don’t think the gigantic glass condo is the right approach.

#3 Ghost of Dude on 06.19.09 at 8:11 am

Just look at the condos that have been built in the old furniture building… they have been sitting mostly empty for something like 18 months.

Mostly because nobody wants to pay that much for a condo that size. If I was a single yuppie with some money to spend, that’s where I’d live. But with a wife and a kid on the way, I’ll take my single family house in the southeast side of town.

#4 l3wis on 06.19.09 at 8:28 am

You are right, the condo concept hasn’t picked up yet in SF, and they charge way too much for them.

#5 Ghost of Dude on 06.19.09 at 8:42 am

The real reason it hasn’t picked up is that no one young enought to be interestd in them has enough money left over from their $12/hour paycheck to afford them. It’s cheaper to live at Stoner’s Landing or one of those massive apartment complexes on the SW side of town.

#6 Sy on 06.19.09 at 8:50 am

Per the other thread title, the EC is the key piece. Every time a city has built one downtown they get all the cool new stuff in around it.

Omaha’s downtown was struggling a few years ago and Qwest was huge in turning that around. Same reason why they are doubling down on a new ballpark downtown instead of renovating Rosenblatt.

If you build it, they will come.

#7 Costner on 06.19.09 at 10:32 am

Every time a city has built one downtown they get all the cool new stuff in around it.

You could probably make that same argument regardless of where it is built in almost every city in America sans Detroit.

Assuming the due diligence was performed prior to construction to know the demand exists for such a facility, the development around it will occur regardless.

#8 l3wis on 06.19.09 at 4:23 pm

That and the fun police in Sux Falls will not allow entertainment facilities DT that appeal to a younger crowd.

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