The "Brands"
The Stone Pony. In the first Bankrutpcy filing and sale, the arguments were for
the name , the annex and online use. At least I thought so.
It is a "brand". the original location is where it is but "a look and feel"
could be duped. I know, it and other "real clubs" can't get that same feel. The
sounds are in the walls.
You all think the casino. You already have a almost never used venue.
Convention Hall. Stone Pony Concert Series at the "new" year round stage for
large events - CH.
I'd guess that somewhere there some doodles done for a SP move to CH somehow.
Wonder Bar. Great name, fun place, location. Can you build up and over it? Many
of you don't recall how it sat for years boarded and locked up a big grey box.
Then there's that face thing. The Tillie "brand". easily duplicated to bars,
shirts and toilet seats.
Then don't forget the downtown. Sackman's ventures clearly have had a huge
impact.
As for "empty" condos - that is a real debatable question. Are they really
empty? You can't find a one bedroom rental. Sure sales at original prices have
long disappeared, but AP can support and shown support for modern rentals in a
higher price range.
If someone comes along and follows some current trends in multifamily rental
design, you should have units from $1000 and up per month easily filled - and
all in one clevery designed building or groups of buildings.
You'd have to think, out of all the other "developers" over the years who
thought about AP, I-Star may be the most financially capable...
"...Our prudent approach to our business has historically produced measurable
results: a strong balance sheet; a well-diversified portfolio; a low-leverage
capital structure; deep in-house capabilities; a broad knowledge base; and a
highly disciplined investment process"
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