Midtown

[bluedogok]

I get that - but I still wonder when they will reach the point where leaving it idle becomes more expensive than taking the plunge to redvelop the place.

Don't take the plunge if you don't have access to all the funding you need if you want to do the job right. Otherwise you end up with something half-assed and needing to be replaced in a few years. I have had both of those type of projects, I would rather work on something the owners want done right instead of someone trying to do something on a shoestring in the hopes of creating enough cash flow to do future work. Those projects are a pain and never seem to ever end up performing well, a big project requires a big commitment. I have known the owner for 40+ years, he wants to do it right.