Tuesday, January 24, 2012

Name that Tune

This is from the Associated Press, see if you can tell WHICH city and WHICH project they are referring to -

An ___story skyscraper under construction at _________ will have to stop at seven stories unless the developer can line up more tenants, planners said Monday, adding to problems that have plagued the $___ billion _______ project.

________ Inc. said it is still looking for tenants to fill the first 10 floors of _______, the third-highest building in the planned office complex. Without those leases, the _________ and _______ will not guarantee the financing that _________ needs to finish the building.

Many companies in _______ are reluctant to invest in new offices because of the poor economy, and dozens are negotiating lower rents as five-year leases signed before the housing crash begin to expire. But both _________ and ________ said they are confident the developer can get enough tenants lined up.

"We are currently speaking with a number of potential tenants and remain fully optimistic that we will sign a lease in time to complete the tower as scheduled in 20___," ________, the company's chief executive, said in a written statement.

No, it's not the Trinity River Vision, it's actually the World Trade Center.  The big difference between New York and Texas?  The developers are paying in New York, their Mayor said the city would "not extend any aid to keep it going".  What a novel concept.  What a Mayor.  HOW do we get one of those?

Another difference, when the Port Authority raised its tolls to raise its credit rating, their governors raised the right to look at the "Authority's" finances.  WHO is looking at the Authority's finances here? Remember, it's YOUR money.

No comments: