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PostApr 02, 2008#3351

innov8ion wrote:
DeBaliviere wrote:I just think at this point, it would be good to level the playing field, so to speak. Eliminate the reasons for companies to locate downtown.
Why? 8)


Or rather, avoid locating downtown. :)

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PostApr 02, 2008#3352

I think we need to start betting on when this thread will hit page 300.

We hit 200 on March 13, so less than a month to get to 224 (I know, more news on this than in your typical 3 week time frame). But at this rate and with Cardinals season starting I think we could hit page 300 by Memorial Day.

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PostApr 02, 2008#3353

Wednesday, April 2, 2008

Ballpark Village



With the Cardinals 2008 Opening Day game finally – though, disappointingly – recorded in ink, I expect the team’s owners to intensify their focus on Ballpark Village.



Despite (because of?) the sometimes imaginative news coverage of the project, it is important to keep some facts in mind.



The Cardinals, not the City of St. Louis, own the land on which Ballpark Village will be developed. Any plans for an interim festival area or temporary parking or a portable Ferris Wheel will be up to them. If, however, it becomes clear that the Cardinals have no plans to break ground anytime soon, I will join the growing chorus demanding they fill The Hole.



The Cardinals, not the City, selected the developer of Ballpark Village. Cordish Co. of Baltimore has developed some great projects – and a few uninspired ones – around the country. I have no doubt that the Cardinals will continue their association with Cordish, unless they become convinced that Cordish will not deliver the sort of sustainable development that will enhance the ballpark experience and Downtown.



I am absolutely certain that the St. Louis Cardinals know (and believe) that I will not support any additional public support for Ballpark Village, and that the City of St. Louis will not guarantee the project’s bonds with its own credit. If that is what Cordish has been waiting for, the company will be waiting for a very long time. Ballpark Village will have to stand – or not – on the finances of its owners, the Cardinals and Cordish Co.



As tens of thousands of fans often say in another context: Go Cards!



Source

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PostApr 02, 2008#3354

The Central Scrutinizer wrote:


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors.....



None of the above are true.


Volatility is bad for investors with short volatility exposure.

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PostApr 03, 2008#3355

The Central Scrutinizer wrote:
SoulardD wrote:If you keep hearing people say that the Post portrays an overly negative view of the city over and over and from different sources, maybe you should consider that there is some truth to that statement.


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors. And that gold is a great hedge against inflation. And that "organic" produce is healthier. And "alternative" medicine is superior to "Western" medicine. And....



None of the above are true.



Facts are not determined by a popular vote.


If only everyone was (edit:were) smart as you.

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PostApr 03, 2008#3356

Moorlander wrote:
The Central Scrutinizer wrote:
SoulardD wrote:If you keep hearing people say that the Post portrays an overly negative view of the city over and over and from different sources, maybe you should consider that there is some truth to that statement.


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors. And that gold is a great hedge against inflation. And that "organic" produce is healthier. And "alternative" medicine is superior to "Western" medicine. And....



None of the above are true.



Facts are not determined by a popular vote.


If only everyone was as smart as you.


That would never occur in a billion years.

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PostApr 03, 2008#3357

Moorlander wrote:
The Central Scrutinizer wrote:
SoulardD wrote:If you keep hearing people say that the Post portrays an overly negative view of the city over and over and from different sources, maybe you should consider that there is some truth to that statement.


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors. And that gold is a great hedge against inflation. And that "organic" produce is healthier. And "alternative" medicine is superior to "Western" medicine. And....



None of the above are true.



Facts are not determined by a popular vote.


If only everyone was as smart as you.


The world would be a better place.

PostApr 03, 2008#3358

Aviator wrote:
The Central Scrutinizer wrote:


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors.....



None of the above are true.


Volatility is bad for investors with short volatility exposure.


Or there is a 50% chance it will be good.

PostApr 03, 2008#3359

dweebe wrote:
Moorlander wrote:
The Central Scrutinizer wrote:

I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors. And that gold is a great hedge against inflation. And that "organic" produce is healthier. And "alternative" medicine is superior to "Western" medicine. And....



None of the above are true.



Facts are not determined by a popular vote.


If only everyone was as smart as you.


That would never occur in a billion years.


Correct.

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PostApr 03, 2008#3360

The Central Scrutinizer wrote:
dweebe wrote:
Moorlander wrote:

If only everyone was as smart as you.


That would never occur in a billion years.


Correct.


Better place???? Are you kidding me? Have you ever seen the movie Equilibrium? That's what society would be like if everyone thought like CS.



http://en.wikipedia.org/wiki/Equilibrium_(2002_film)

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PostApr 03, 2008#3361

Wednesday, April 2, 2008

Ballpark Village



With the Cardinals 2008 Opening Day game finally – though, disappointingly – recorded in ink, I expect the team’s owners to intensify their focus on Ballpark Village.



Despite (because of?) the sometimes imaginative news coverage of the project, it is important to keep some facts in mind.



The Cardinals, not the City of St. Louis, own the land on which Ballpark Village will be developed. Any plans for an interim festival area or temporary parking or a portable Ferris Wheel will be up to them. If, however, it becomes clear that the Cardinals have no plans to break ground anytime soon, I will join the growing chorus demanding they fill The Hole.



The Cardinals, not the City, selected the developer of Ballpark Village. Cordish Co. of Baltimore has developed some great projects – and a few uninspired ones – around the country. I have no doubt that the Cardinals will continue their association with Cordish, unless they become convinced that Cordish will not deliver the sort of sustainable development that will enhance the ballpark experience and Downtown.



I am absolutely certain that the St. Louis Cardinals know (and believe) that I will not support any additional public support for Ballpark Village, and that the City of St. Louis will not guarantee the project’s bonds with its own credit. If that is what Cordish has been waiting for, the company will be waiting for a very long time. Ballpark Village will have to stand – or not – on the finances of its owners, the Cardinals and Cordish Co.



As tens of thousands of fans often say in another context: Go Cards!



Source


Hmmm...notice the absence of Centene here? I wonder exactly how much the process of courting them held up this project?



Seems like the city is trying to shift blame toward the other parties. There's enough blame to go around for all parties involved. I'd also like to know what is meant by "sometimes imaginative news coverage". I think it's been mostly fair. Everyone- the city, Cardinals, Cordish, and Centene- royally screwed up. I just hope it's not too late to ensure that this site won't be an utter embarrassment to St. Louis by the 2009 All-Star Game.

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PostApr 03, 2008#3362

ThreeOneFour wrote:I'd also like to know what is meant by "sometimes imaginative news coverage". I think it's been mostly fair.
I think he was referring to any portions of said news coverage which may have, explicitly or implicitly, blamed the city. 8)









.................Centene........................City of St. Louis..................................Cordish.............................

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PostApr 04, 2008#3363

The Central Scrutinizer wrote:
Aviator wrote:
The Central Scrutinizer wrote:


I hear people say over and over that psychics are real. And that volatility in the stock market is bad for investors.....



None of the above are true.


Volatility is bad for investors with short volatility exposure.


Or there is a 50% chance it will be good.


No. Not for investors with short volatility positions. A short volatility position would make money when volatility goes down and lose money when volatility goes up.

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PostApr 04, 2008#3364

Aviator wrote:
The Central Scrutinizer wrote:
Aviator wrote:

Volatility is bad for investors with short volatility exposure.


Or there is a 50% chance it will be good.


No. Not for investors with short volatility positions. A short volatility position would make money when volatility goes down and lose money when volatility goes up.


Are you talking about trading options? I guess I don't know what short volatility is.

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PostApr 04, 2008#3365

Moorlander wrote:
Framer wrote: Even with the loss of Centenne, I predict that we'll see a big interest in office space in BV. Remember, they've already got a major law firm interested in moving their headquarters there (a fact that seems to have been lost in all of the Centenne hubbub).


David Nicklaus disagrees...





Downtown office glut could get even bigger



Six downtown law firms, which occupy a total of 875,000 square feet, face decisions about expiring leases within the next two years. The largest firms, such as Armstrong Teasdale and Thompson Coburn, are so big that they have only two practical choices, according to leasing agent Jay Holland: Stay put or sign up for space in a new building.



Ballpark Village remains the highest-profile spot for new offices,



SOURCE


All I'm saying is, I expect Ballpark Village to attract a lot of interest for office space.

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PostApr 04, 2008#3366

The Central Scrutinizer wrote:
Aviator wrote:
The Central Scrutinizer wrote:

Or there is a 50% chance it will be good.


No. Not for investors with short volatility positions. A short volatility position would make money when volatility goes down and lose money when volatility goes up.


Are you talking about trading options? I guess I don't know what short volatility is.


Options would be one example, but not the only example. There are spread trades that don't require derivatives that have the same sensitivity.



Gosh, we're going to get to 300 pages before we know it!

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PostApr 04, 2008#3367

Well, if the current thinking is that BPV won't break ground before this thread hits 300, then the faster we get to 300, the faster BPV will break ground!



That makes sense, right?

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PostApr 04, 2008#3368

http://www.mayorslay.com/desk/display.asp?deskID=953


Jeff Rainford, my chief of staff, has taken to calling downtown’s Cupples warehouses – a complex of historic buildings being dramatically returned to life as hotels, restaurants, bars, residences, and offices – “the real Ballpark Village.” That bit of tongue-in-cheekery points to a reality: the once crumbling, nearly vacant Cupples buildings, adjacent to new Busch Stadium, are looking pretty good these days...


With the continued success of the Cupples transformation into hotels, offices space, residential and dining/retail... why is it so difficult for the Cardinals and Cordish to realize that the market around the Ballpark and in South Downtown is ripe for all of these uses!?



As many have stated before, the residential and office space in BPV would be unique and in a market of its own. I'm going to be disappointed when they eliminate residential from the plans.

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PostApr 04, 2008#3369

JakeKTU wrote:http://www.mayorslay.com/desk/display.asp?deskID=953


Jeff Rainford, my chief of staff, has taken to calling downtown’s Cupples warehouses – a complex of historic buildings being dramatically returned to life as hotels, restaurants, bars, residences, and offices – “the real Ballpark Village.” That bit of tongue-in-cheekery points to a reality: the once crumbling, nearly vacant Cupples buildings, adjacent to new Busch Stadium, are looking pretty good these days...



Wow!



What a realization, Mayor Slay? A neighborhood not developed by one megadeveloper on a smaller scale that has been completed over an undefined period of time and doesn't have any artificial "deadline"? A neighborhood that features a J Buck's and another bar (Mercury) and not ESPN Zone?



You know what...maybe this whole smaller scale sensitivity-to-urban-environments rather than monolithic-downtown-megaprojects thing could actually work!

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PostApr 04, 2008#3370

Matt Drops The H wrote: You know what...maybe this whole smaller scale sensitivity-to-urban-environments rather than monolithic-downtown-megaprojects thing could actually work!


It works all the time. Just not with large vacant lots.

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PostApr 05, 2008#3371

if i were to live downtown i would live near the stadium (as long as my work is relatively close) but i don't care if they need to scale it down some or build half to see where demand is just start already

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PostApr 05, 2008#3372

JakeKTU wrote:http://www.mayorslay.com/desk/display.asp?deskID=953


Jeff Rainford, my chief of staff, has taken to calling downtown’s Cupples warehouses – a complex of historic buildings being dramatically returned to life as hotels, restaurants, bars, residences, and offices – “the real Ballpark Village.” That bit of tongue-in-cheekery points to a reality: the once crumbling, nearly vacant Cupples buildings, adjacent to new Busch Stadium, are looking pretty good these days...


With the continued success of the Cupples transformation into hotels, offices space, residential and dining/retail... why is it so difficult for the Cardinals and Cordish to realize that the market around the Ballpark and in South Downtown is ripe for all of these uses!?



As many have stated before, the residential and office space in BPV would be unique and in a market of its own. I'm going to be disappointed when they eliminate residential from the plans.


Yet those banners for the Ballpark Lofts have been up since April '06 with no apparent progress or move-in dates in sight.

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PostApr 05, 2008#3373

shaneo69 wrote:Yet those banners for the Ballpark Lofts have been up since April '06 with no apparent progress or move-in dates in sight.


Actually, only two of the Cupples warehouses remain untouched. As for "no apparent progress," you might want to check out this story.

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PostApr 06, 2008#3374

Roy314 wrote:
Matt Drops The H wrote: You know what...maybe this whole smaller scale sensitivity-to-urban-environments rather than monolithic-downtown-megaprojects thing could actually work!


It works all the time. Just not with large vacant lots.


A large vacant lot can't be subdivided?



Hmm...

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PostApr 06, 2008#3375

I walked by what is supposed to be Ballpark Village yesterday as I went to the baseball game. Needless to say, Pujols Pond is looking as good as ever! :lol: At the rate Ballpark Village is progressing, site prep work should be complete in 2012.

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