Tuesday, December 23, 2008
Bailout for Rowe Building
Downtown Flint developers catch bailout fever to keep the Rowe Building project from stalling.
at 4:22 AM
Labels: bailout, Rowe Building, Uptown Developments
Thanks for commenting. You might enjoy my book about Flint called "Teardown: Memoir of a Vanishing City," a Michigan Notable Book for 2014 and a finalist for the 33rd Annual Northern California Book Award for Creative NonFiction. Filmmaker Michael Moore described Teardown as "a brilliant chronicle of the Mad Maxization of a once-great American city." More information about Teardown is available at www.teardownbook.com.
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If I recall correctly Uptown Development was essentially given a number of properties in downtown. They've held on to these properties for around 7 years now with mixed results.ReplyDelete
While they're not "evil incarnate", they are developers whose motive is first and foremost profit. I think it is safe to say they are in way over their heads. For all of their grandstanding and proclamations they have produced very little.
What is unfortunate to see is all of the small businesses, those who really have their heart in it, who were counting on Rowe's empty promises of "redevelopment" to provide a major boost for downtown. The Lunch Studio, Pages Bookstore, Good Beans, etc etc are run by folks who really care. Sure, they're motivated by profit as well, but Flint would certainly be better off with fewer Uptownies and more small businesses.
I'm amazed (or maybe not) that the Urinal has not yet chronicled Uptown's serious lack of progress.
Uptown Development purchased most of the buildings except for the C.S. Mott Foundation block with C.S. Mott Foundation purchased (one building from the Non-profit I now work for). They have progress:ReplyDelete
*Former Republic Bank building redevelop into 1st Street Lofts (yes they are occupied)
*2 building on Saginaw redeveloped in partnership with Community Foundation of Greater Flint. The Community Foundation occupies some floors. Upper floors are loft apt. Ground floor awaiting businesses.
*New Wade-Trim building in the Mott Block build and accupied by Wade-Trim and WNEM5/My5's Genesee County Bureau.