Quote:
Originally Posted by Mojo Jojo
I think almost everyone wanted development downtown. The problems from day one were:
The way the development was to be financed and the payback period. Most people didn't believe those were realistic numbers and time line, at guess what those people were right.
The city brought in Cordish, a company that has a history of going over budget and not meeting deadlines on these type of projects. Guess what; they went over budget and didn't meet the promised opening date.
Most people are just upset at the way this has been handled from day one...typical KCMO.
The next big hurdle will be in about two years when the first set of leases come up...how many will renew and how much turnover will happen. This is currently going on at the Legends...many companies couldn't afford to renew leases and there are several available store fronts. In fact the Legends is now repositioning themselves as an outlet shopping area.
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I was at Legends yesterday and didn't notice any vacancies. Haven't they always been outlet stores? How is that different?
P&L is great for the city. It gives people somewhere to go besides the plaza. In 10 years, nobody's going to remember that it opened late, but it will still be one of the top entertainment districts in the country.
If you want to bitch about KC, go with the schools or the stadiums or the airport or the roads or the city council. Legends and P&L are two of the biggest successes the city has ever had.