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I just pray no unfinished eyesores are left on the skylines, perhaps for years.
Recall, Fountainbleu in Las Vegas, 64 stories. They almost finished putting the glass on the tower and construction ended in 2009. And it sat there for 10-11 years unfinished. Recently, I hear, there's been some movement at the site, and prayerfully, some developer will spend the $2billion to finish it.
I just pray no unfinished eyesores are left on the skylines, perhaps for years.
Recall, Fountainbleu in Las Vegas, 64 stories. They almost finished putting the glass on the tower and construction ended in 2009. And it sat there for 10-11 years unfinished. Recently, I hear, there's been some movement at the site, and prayerfully, some developer will spend the $2billion to finish it.
Yeah, exactly.
Of all the cities in the US, Las Vegas and Miami are most vulnerable to complete stalls/stops in highrise construction. Also Orlando and Houston, less so, but still vulnerable.
Vegas may be really hit by this. Kind of a wait and see. I feel badly for smaller already declining gambilng and tourist areas like Atlantic City.
Gonna get really hit. I wonder how many of their casinos willl close shop.
Location: Miami (prev. NY, Atlanta, SF, OC and San Diego)
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Some perspective, below...the other side of the coin is there will be some good buying opportunities on existing structures within several months...just as those who boast when stocks or other assets are at their highest and expect the rally to last forever by claiming “this time it’s different” when it does not and corrects, the same applies to recovery—as history has demonstrated time and time again.
Some perspective, below...the other side of the coin is there will be some good buying opportunities on existing structures within several months...just as those who boast when stocks or other assets are at their highest and expect the rally to last forever by claiming “this time it’s different” when it does not and corrects, the same applies to recovery—as history has demonstrated time and time again.
Of all the cities in the US, Las Vegas and Miami are most vulnerable to complete stalls/stops in highrise construction. Also Orlando and Houston, less so, but still vulnerable.
Vegas may be really hit by this. Kind of a wait and see. I feel badly for smaller already declining gambilng and tourist areas like Atlantic City.
Gonna get really hit. I wonder how many of their casinos willl close shop.
See my earlier post (#45) regarding construction in Orlando. So far, it's considered "essential," and nothing is stopping. Plenty of cities (I know Austin, for one) have been ordered to cease operations. Orlando is not one of them.
Last edited by elchevere; 03-28-2020 at 01:09 PM..
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