Redeveloping the old Days Inn downtown, METRO needs to learn from Denver's failures, Texas' boom, and more
A few smaller items this week...
- The Chronicle examines what's up with the abandoned shell of the old Days Inn high rise hotel downtown. TL,DR: it's uneconomic to do anything with it, esp. with low ceilings. I’ve hoped to see it redeveloped for a very long time. I always thought the best use was an off-campus student dorm for Rice and UH students, with rail access to both campuses. But I understand what they’re saying about the math not working, especially at these high interest rates, which would need to dramatically come down. Hat tip to Rich.
- Developers focus on Waller County as Katy area grows. Short article highlighting the importance of freeway-widening and affordable housing. Hat tip Nathan.
- METRO needs to learn from the horrible expensive failures of Denver RTD, which has been focused on rail for many years now.
Finally, hat tip to Hugh for sending out this video of Why Florida and Texas are booming (and NY and California are not) by Economist Joseph Politano.
Labels: affordability, development, growth, home affordability, Metro, rail, transit
posted by Tory Gattis @ 4:18 PM
2 Comments:
I wonder if the old Days Inn would be a good condemnation by eminent domain target to turn into a public park. The structure has large negative value, which should weigh on the value of the land. Demolition and a new park might spur other development around it.
Hmm. Not sure. I feel like it might redevelop if we go back to super-low interest rates, but who knows if or when that will happen. More likely it would need some sort of affordable housing subsidy.
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