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By hyperbolic curve (anonymous) | Posted July 23, 2013 at 16:27:29 in reply to Comment 90398
The only one who brought up "evil moustache twirling" in this thread is you.
He may not have a moustache, but Blanchard is, indeed, a speculator. His business is large floorplate commercial management and brokering industrial and commercial land deals. Selling empty lots is exactly what he does.
He is not a condo developer, he is not investing 120 million in anything. He has some pretty pictures to show to future prospective condo developers. The 120 million dollar figure is simply his guesstimate at what it would cost someone else to build his pictures into reality.
Will he find a developer? Maybe. but when? And in the meantime, he should be maintaining his buildings and renting them out instead of taking them down.
Why should the surrounding businesses and the city as a whole suffer economically because of his lack of creativity? Empty lots cost us all money.
If there was a developer ready to put a tower in downtown Hamilton, there would be construction underway already. You need to wake up to the reality of this "deal". There is one winner and half a million losers.
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