Tuesday, December 23, 2008

Bailout for Rowe Building

Downtown Flint developers catch bailout fever to keep the Rowe Building project from stalling.

2 comments:

  1. 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.

    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.

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  2. 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:
    *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.

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