MattnSTL wrote:Or any of Pyramids proposed hotels. Those may not be the right thing for a Marriot, though.
I think Marriot likes to have at least one huge downtown hotels in most big cities. Are any of Pyramids hotels slated to be big? (500+ rooms)
MattnSTL wrote:Or any of Pyramids proposed hotels. Those may not be the right thing for a Marriot, though.
dweebe wrote:MattnSTL wrote:Or any of Pyramids proposed hotels. Those may not be the right thing for a Marriot, though.
I think Marriot likes to have at least one huge downtown hotels in most big cities. Are any of Pyramids hotels slated to be big? (500+ rooms)
Though it makes you wonder, if Marriott is really wants to break back into downtown, why not bid for the proposed hotel in the Ballpark Village instead?
migueltejada wrote:
Begs the question as to why they sold their old hotel in the first place. Now they have a worse location? Odd logic.
Wabash wrote:Speculation: I could see the Cardinals Clubhouse (kind of an anchor for US at this point) pulling stakes at Union Station when BPV is built.
lamiaposta wrote:The Fudgery signed a deal with Ballpark Village and plans to keep the US spot open until they are completely settled at the new location and then phase out US.
ThreeOneFour wrote:[sarcasm] Translation, The Fudgery will be the last business standing inside Union Station, and it will be there for many years to come.[/sarcasm]
ben1040 wrote:
Whatever became of the improv comedy troupe that used to perform at Union Station in the little space up in the headhouse? I used to go there on a monthly basis and found them at least reasonably funny, maybe more so because I would not be content to merely "satisfy" their 2 drink minimum.
The Central Scrutinizer wrote:Wabash wrote:Speculation: I could see the Cardinals Clubhouse (kind of an anchor for US at this point) pulling stakes at Union Station when BPV is built.
Yeah, I could see that, but I wonder if they would put it there, given that the already have a team store at the stadium, which would be 2 blocks away.
Of course, maybe not historic tax credits, but just about anything else: MODESA, TIF, NMTC, etc.. Of course a TIF would have to rely heavily on new sales tax revenue, and that would be a hard sell. It is not out of the question that the existing retail formula at Union Station could succeed with new ownership and management, but given that it hasn't worked to date and that more and more retail will be coming online in the core of downtown, I think it would be extremely difficult, if not impossible, to convince investors (buyers of the TIF bonds) of that. In other words, for a TIF to work, it would have to be some new type of retail that doesn't currently exist at Union Station, or, in reality, something that doesn't exist anywhere else in the city, and won't exist even after Ballpark Village and MX open.Gary Kreie wrote:Is Union Station eligible for new Missouri tax credits and TIF money if they try to give it a makeover, since it is in a historic old building?.
It has apparently been tied up in bankruptcy, plus there are a hell of a lot of uncertainties around Ballpark Village, MX, and Chouteau Lake, all of which dramatically impact the viability of anything they might want to do at Union Station. Plus, the enormous amount of incentives given to Ballpark Village-related developments are still fresh on everyones minds - I'm not sure a large TIF is politically viable at the moment, no matter how good of an investment it would appear to be.Gary Kreie wrote:So why haven't they jumped on the rehab bandwagon and gone after some of the free tax credits money to breath some life back into the place?
the existing retail formula at Union Station could succeed