UWM Delaying County Grounds Land Deal
I'm telling ya' - - this deal is dying. UWM does not have a financial plan to build its engineering and innovation center out there because Michael Cudahy's pull out as the main donor sandbagged the entire effort.
Imagine you are selling a lot to a buyer who wants it for his dream house - - big house! - - and then the buyer comes to you and says he wants several more months to get you your money - - after his rich uncle who was going to put up a lot of the construction cost decided against it.
In the worst economy since the Great Depression.
And your lot site is really too far from the rest of the buyer's business, and the neighbors want to set up all sorts of conditions on the lot because it's in an environmentally sensitive setting.
You'd know where the deal was headed.
3 comments:
my guess is the Real Estate Foundation will try to make the re-sale portion (residential develoment) more profitable. Probably at the expense of the natural space. This is how these types of development become cancerous.
maybe they could put it up by the tower site, where the new rail manufacturing will be. there was talk of doing that some years ago . .. and it would be a big boost for even more development in that part of town.
There are ample site opportunities downtown that could help better link students and faculty counterparts at Marquette and MSOE, and to major industries like Rockwell, Johnson Controls and others.
UWM and some of its business allies are too focused on creating an office park picture postcard.
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