Friday, February 26, 2010

GGO Gadget Columbia Redevelopment Plan

Interesting read on the market's view of GGP restructuring and its affect on the Redevevelopment zoning. As we used to say in the gubment, this is "above my pay grade" as far as investments and such are concerned, but I stand by my "Same as the old boss" comment. Rouse became GGP, which is going to become GGO, which may or may not have a new set of principle investors...yawn. The most interesting note in the article is the suggestion that GGP's financial troubles may cause the redevelopment to happen "on the cheap." I think that is pretty ridiculous to say. Disagree with me all you want, but GGP didn't lobby "on the cheap," if ya know what I'm sayin' (nudge nudge, wink wink, knowatta mean, knowatta mean). I can't see throwing that much money into this project at the front end, and then have toothpicks and glue at the back end, but then again, can't get water from a stone.

Whether you are for redevelopment or not (or refuse to make such distinctions), Columbia is clearly an investment jewel. Those that have invested are going to give it all to make sure the investment pays (i.e., draws people into Columbia to spend their money, for better or worse).

2 comments:

  1. This deal just gets better and better! (as someone recently said of Doughoregan).

    Looks like you've been watching gangster movies lately.."put 'em up" or whatever was the hilarious title that evoked images of popeye and brutus.

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  2. Nudge nudge, wink wink is a Monty Python reference...but I do love gangster movies.

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