you read WAY too much into my message. only intended to say I (FSR) couldn't
build there (for me, I'd put $'s into FSR, not into realestate - which ain't
my business...). didn't say ANYthing bout the other folks that are currently
in the incubator. maybe you'd be best to ask them eh?
================================================================
>>>>> "Bill" == Bill London <london@wsunix.wsu.edu> writes:
> For some reason, I am still interested in the bizpark. And very
> much interested in your point that nobody in the incubator
> (supposedly the actual ones clamoring to have the bizpark become
> reality) would be able to build a building there.
It is a fact that I've got to move FSR somewhere within 18months....hm...
wonder where it will be....
> That seems to
> be in direct contradiction to the EDC Party line (eaten hook and
> sinker by the council). Hodge seemed to say that speculators
> wanting to make a quick buck buying a site at the park would be
> required to build in a year or two. But are you saying that the
> present incubator tenants would not be able to afford to get a
> site at the park and build a building there--
Again, I only spoke for myself. I don't want to sink capital into a
building when I can sink it into expanding the market of a business. My
business is NOT real estate. I'd GUESS those that are going to build
a building, who-ever they might be, either are way successfull in their
incubation, or in the realestate business.... Should be VERY easy for you
to find out if there is an owner-occupancy requirement in the b-park and
if there are restrictive covenents (sp??) which would control/restrict
ownership of the both the lands and/or buildings in any way....
> and thus would have
> to await a speculator's purchase of property (at a value held
> artificially low by its tax-supported status) there and then the
> construction of a building not for occupancy but for resale?
> Not one of the companies now expanding at the incubator will be
> able to afford to build at the bizpark?
(you should be a BIT ashamed of your leap to "Not one of the companies..."
if its based JUST on my little ol' comment eh? Only said FSR ...)
> I would really love
> some clarification on these questions, John.
Beats me. As the timing/cost isn't right for FSR, I've not really
kept up with it....
> Because, frankly,
> I still don't quite get it. Are we underwriting a business park
> so a handful of speculators would get even bigger profits than
> if they just went out and built some buidlings for incubator
> tenants? BL
This LAST question is interesting....
have fun,
johnt