An interesting idea. It ought to be possible to cook up ballpark numbers
on such a project just by pacing it off and running conventional
restaurant-industry projections on it. How much would it cost to rip all
that crud off the existing mansion and rehab it to Historic-Designation
standards? How many high-end seatings an evening could you fit into that
historic 1st floor? Could the income from such a venture pay for the
rehabbing, plus maintenance of the 2nd and 3rd-floor space, plus keep
the restaurateur alive?
I'm all for it if it's possible. But I greatly fear the reason the
mansion was expanded horizontally into a nursing home 30-odd years ago,
was because there was no commercial way to make a building of that age
and size pay for its own upkeep even then. Has anything changed since to
make it practical today?
If anybody can come up with some estimates, it'd be fascinating to read
them.
-- Tony West
I appreciate your position and I hope I'm not beating a dead horse,
but my personal dream is that there is an 11 story extended stay hotel
built within UC, but not at 40th and Pine. In addition, I dream that
the 40th and Pine site is developed by Campus Apartments and Tom
Lussenhop as a high end restaurant with 25 car parking and either
classroom or community space on the second and third floor. That way
the City gets lots of construction and service jobs along with the
multitude of fees that come along with development.
The community is enriched by the development and the 40th and
Pine/Woodland Terrace neighborhood is preserved and enhanced.
You and I might be saying the same thing.
Guy
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