With the estimated completion being well after even the worst case scenarios for availability of a vaccine I don't know if you would hit pause on this.
With a project of this size isn't it socially responsible to keep it going as long as your workforce is healthy so that they can keep getting the paycheck they were counting on?
^I think that depends somewhat on what the risk is that keeping it going infects workers or ultimately their families. And I'm not equipped with the information to make that call. If the risk is very small then maybe you let folks know what the risk is and move forward. I assume the folks involved in the decision tree are seeking out that information.
I've actually been involved in a few calls on whether to move forward with projects myself, albeit much smaller and more artsy projects, and that was pretty much the math that we used. Different projects with different demographics involved in the crafting of them and vastly smaller economic impacts, but real ones. So we did the math . . . and decided that we can scrub each and every one safely, though the conference calls on how to mitigate the damages and maybe find safer ways to move forward with some of them anyway are ongoing.
I hope MLStL is able to move forward without any significant delays, but I'm not going to fault anyone if they decide otherwise. And believe me, I am glad I'm not the one making that particular call.
With the estimated completion being well after even the worst case scenarios for availability of a vaccine I don't know if you would hit pause on this.
With a project of this size isn't it socially responsible to keep it going as long as your workforce is healthy so that they can keep getting the paycheck they were counting on?
The worst case scenario for availability of a vaccine could be decades (a pharmaceutical treatment is much more likely).
That said, I don't know why they would shut a construction site, unless the labor unions demanded it, or workers aren't showing up in large numbers. And they are only going to be doing site work for the next few months.
With the estimated completion being well after even the worst case scenarios for availability of a vaccine I don't know if you would hit pause on this.
With a project of this size isn't it socially responsible to keep it going as long as your workforce is healthy so that they can keep getting the paycheck they were counting on?
The worst case scenario for availability of a vaccine could be decades (a pharmaceutical treatment is much more likely).
That said, I don't know why they would shut a construction site, unless the labor unions demanded it, or workers aren't showing up in large numbers. And they are only going to be doing site work for the next few months.
Well, Boston shut theirs down for worker safety so it could happen here as well.
^ I don't think urbanitas was calling him out for his concern over the pandemic just the part where he said the MLS stadium project would be scuttled or put on hold for the better part of a decade. We're two years away from a team even operating here...there very well could be a construction delay...but putting it off for a "better decade" is a ridiculous notion.
That STL MLS stadium is not going to be built for years to come if ever
You think the developer(s) of this project and many other projects on the wish board had the cash for it sitting in a safe deposit box??
Much of our 'wealth' is disappearing as I write this
Which explains why they're working OT and were out there yesterday and today
the $150,000,000 MLS expansion fee has been paid already and money for the stadium put in the escrow account. MLS doesn't award a team without funding for the stadium secure. This is 100% funded by the Taylors, who's worth doesn't move much with the stock market as the family solely owns the company. A bad month or 2 means no profit for that month. the other money is from Jim Kavanaugh, who's company works with the GSA/federal gov. largely not effected by any of this in a negative way, in fact they may actually benefit. In the Citys 30 day lock down order, construction is permitted. Only delay i can see is if large portion of the construction team is out sick. Until then its full steam ahead.
money for the stadium put in the escrow account.
Well thats a sure thing! We all had a good laugh at that!!
And who said anything about the stock market??
I hold my breath to hear how the Taylors and Kavanaughs much of their wealth? Did General Services Administration pull their indefinite delivery, indefinite quantity (IDIQ) contract with WWA that expires in 3 years?
Are soccer fans going to be broke in march 2022? Did people stop going to Cardinal games in 2009? checks note- 42,000 per game, Blues?!?! 18,544 maybe the Rams? 57,000 (it was a 1-15 season in a middle of the recession)
^ I don't think urbanitas was calling him out for his concern over the pandemic just the part where he said the MLS stadium project would be scuttled or put on hold for the better part of a decade. We're two years away from a team even operating here...there very well could be a construction delay...but putting it off for a "better decade" is a ridiculous notion.
Yes and no. I am calling him or her out for cultivating such extreme, irrational worst-case scenarios for whatever reason they are doing that.
Some people do it deliberately, obviously, and others do it as a form of psychological self-comfort, unaware of the harm they are doing. I was being generous in assuming that he or she is among the latter.
Whatever the motives, when people take it to social media, their scenarios seem to be only temporarily satisfying, and there's a need to top each other and come up with progressively scarier scenarios, which they then propogate with abandon...
I hold my breath to hear how the Taylors and Kavanaughs much of their wealth?
Answer: commercial real estate
Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse
Real estate billionaire Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” (e.g. STL stadium) of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers from defaulting. https://finance.yahoo.com/news/real-est ... 09693.html
I hold my breath to hear how the Taylors and Kavanaughs much of their wealth?
Answer: commercial real estate
Real Estate Billionaire Barrack Says Commercial Mortgages on Brink of Collapse
Real estate billionaire Tom Barrack said the U.S. commercial-mortgage market is on the brink of collapse and predicted a “domino effect” (e.g. STL stadium) of catastrophic economic consequences if banks and government don’t take prompt action to keep borrowers from defaulting. https://finance.yahoo.com/news/real-est ... 09693.html
Dude, we get it, you think this is going to fail and that everything is ending a horrible death, so we should all give up.
Meanwhile, monies have been exchanged, and the sites continues to progress as before, despite your proclamations to the contrary.
Maybe, just maybe, not everything's going extinct...
Also: The Taylors and Jim Kavanaugh ABSOLUTELY DID NOT make their fortunes in commercial real estate.
the Fed?? HHAHAHA !
Lending $Trillions more into a collapsing economy/financial system only ensures that we will be stuck with zero (or below) interest rates for good.
I just don't see how we can have a functioning economy with zero interest rates forever. Zero interest rates = zero savings = zero investment = zero productivity growth = zero increase in average living standard.
I believe we have arrived at the "end of the road" as far as our current Post-Bretton Woods financial/monetary system is concerned.
Three Part Problem
The problem isn't liquidity. It's solvency.
People out of work don't need a loan, they need a job.
Small businesses don't need a loan, they need customers.
And the MLS stadium will be put on hold
DUDE (whatever that means)
Yes there are a lot of reasons a stadium might be delayed a few weeks or months. Construction site has multiple infections. The steel mill has a few and it has to shut down for 2 weeks.
^^ No one is arguing against a potential construction slow down or even a shut down for a short period of time...though aside from your alarmist comments here, there have been no indications that’s going to happen yet. We just don’t agree with your assertion that this project is dead and done for another decade or more as you’re claiming.
Can’t you just go back to posting links with very tenuous connections to St. Louis like you used to instead of these unfounded predictions that seem to be all your rage now? The MLS project isn’t dead...no matter how much you apparently want it to be.
Also, do you not understand what Enterprise and WWT do? It’s not commercial real estate lol.
the Fed?? HHAHAHA !
Lending $Trillions more into a collapsing economy/financial system only ensures that we will be stuck with zero (or below) interest rates for good.
I just don't see how we can have a functioning economy with zero interest rates forever. Zero interest rates = zero savings = zero investment = zero productivity growth = zero increase in average living standard.
I believe we have arrived at the "end of the road" as far as our current Post-Bretton Woods financial/monetary system is concerned.
Three Part Problem
The problem isn't liquidity. It's solvency.
People out of work don't need a loan, they need a job.
Small businesses don't need a loan, they need customers.
And the MLS stadium will be put on hold
DUDE (whatever that means)
