Now that we have been able to stage a bet that Z can finally win..... We all agree that the residential component is the key to reviving downtown. Better commuter service will be a huge help but this is going to be very difficult to pull off.
Any bank will look at the demographics and the surrounding housing and say why the hell am I going to back this project? That is what Berkeley found out. That is why I feel the new Housing Policy, or should I say change in Housing Policy is so important. We need to have a ground swell of marketing rate housing around downtown not more affordable housing , or should I say "work force" housing? Every day I drive by the old Odd Fellows building (next to the Mart) and the Hadley, do you think either of these projects help attract more market rate housing to downtown???
Think Eppinger is great but no way in hell does he sink his insurance reserves into this risk and no way in hell will a bank lend on it. The residential component needs a kick start!! Don't laugh but what about the Donald?? Trump Worcester.
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