Crowdsourcing Powers Activate!


What the schneikies is going on here?

“Something’s going on because there isn’t any practical way to rationalize why people paid what they did for those properties,” Mr. Sullivan said. “I don’t think anyone is suggesting that they paid market value.” (P-G, Mark Belko)

Go!

16 thoughts on “Crowdsourcing Powers Activate!

  1. Bram Reichbaum

    I guess it's possible the URA or a 3rd party is preparing to build cut-rate parking garages. In which case, I hope somebody tips me off so I can obliterate this post and we can all say, “We were never here”.

    Reply
  2. BrianTH

    I'm going with Millcraft, the people behind Piatt Place, Market Square Place, the State Office Building, and the planned Market Square Gardens. They have said in the past they are interested in doing a project on that stretch of Wood, and even tried to acquire some properties directly, but apparently ran into trouble negotiating with some owners.

    I'd take the claims about overpaying with a grain of salt (you never know what interest someone might have in driving down perceptions of property values), but certainly Millcraft could potentially see the benefit to its many other projects in the area by redoing this block. In other words, it is in a good position to recapture some of what would otherwise be externalities in this deal.

    Reply
  3. Anonymous

    The “Kinross” name should certainly ring bells for everyone active in Democratic politics. Kevin Kinross has been a point man for Ed Rendell and Dan Onorato for years. His father has been a Commissioner in Ross for years before that . . . I don't know for sure . . . but I'd follow the $$$. Especially if it's the same players who were involved in selling the State Office Building, a la Piatt Place.

    Reply
  4. Anonymous

    I agree with Brian TH. That block is very very tired and would enhance the value if Piatt Place considerably. When I walk by there I often wonder how that block impacts the sales pitch for the high end condos at Piatt Place.

    Reply
  5. Anonymous

    Anon 11:23 – I thought the same thing but, according to the PG, the buyers name is Kimross Real Estate LLC (with an “m”).

    Reply
  6. Bram Reichbaum

    Anonymous 11:23 said…

    I agree with Brian TH. That block is very very tired and would enhance the value if Piatt Place considerably. When I walk by there I often wonder how that block impacts the sales pitch for the high end condos at Piatt Place.

    This is starting to sound like what's happening … but step two, why the secrecy?

    Reply
  7. MH

    Off topic:

    You can try to save the city's financial position by selling assets if you want, but today's news shows that it won't work. A few people with poor luggage-minding skills will just drive us into bankruptcy again.

    Reply
  8. Anonymous

    Marcellus People?

    How cool would that be?

    Gas exploration money, local…

    Me thinks, condom outlet…State approved…

    monk

    Reply
  9. Anonymous

    Lets do some math!

    Ona-RAT-O trails Corbett by 10% in two polls.P-G

    Ridge is point man for Marcellus…Corbett buddy.

    Ona-Rat-O is point man for Drink Tax, North Shore Connector and Port Authority, reduction in service and higher fares.

    For GOP to take Pa, ousting Obama, is merely happenstance…facts will weigh heavily. Mosque and Ground Zero, respect given where none is deserved. Religion lacks compassion…

    'paradoxial undessing'

    monk

    Reply
  10. BrianTH

    It may be true that is the popular perception of Onorato, but it is ironic given that the NSC was the baby of a bunch of Republican politicians (Dunn and Cranmer, plus a federal congressional delegation that was almost all Republicans at the time, plus a Republican federal administration). Onorato's role was basically to accept a check that had already been signed and delivered.

    Reply

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