Article: Price Tower may offer HUD affordable housing

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SDR
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Post by SDR »

Do I understand correctly that the HUD-connected proposal is under consideration only because of the funding it would provide ?

S

Roderick Grant
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Joined: Wed Mar 29, 2006 7:48 am

Post by Roderick Grant »

If that's the case, SDR, PT should proceed with great caution. The Fed is a trap. Once you get involved with them, you lose all control. If part of the deal is Fed control of maintenance, they would have a mini-Pruitt-Igoe situation on their hands, and it would be only a matter of time until the entire building was turned into a shambles. HUD should have been eliminated entirely decades ago.

Jeff Myers
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Post by Jeff Myers »

I guess I am the crazy few who would live in the Tower.
They have a grant to fix the outdated boiler and air system. To bad those slim A/c units, which Japan uses, are hard to put into a building like Price Tower, but I am sure there is a way.

I would happily, when I have better income, just buy a suite and renovate it.
Even if it was not for sale.
JAT
Jeff T

Craig
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Location: California

Post by Craig »

My thoughts too Jeff. If the hotel concept is not working, perhaps the building could go condo, although I shudder at what the maintenance fees might be. Are there not enough people or creative businesses in the area to actually make the thing work as it was intended? Apparently not. It just blows my mind to see this become low-income housing.
ch

Jeff Myers
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Post by Jeff Myers »

To bad you can’t move the tower to Tulsa, the concept works well here.

If the hotel was more of a Hilton curio collection it’d likely sustain better. I just have ideas but lack the money to invest.
JAT
Jeff T

Roderick Grant
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Joined: Wed Mar 29, 2006 7:48 am

Post by Roderick Grant »

If it went condo, the offices could easily be absorbed into the residential units, making each condo a 3 times the size of what they are. But don't hold your breath on that becoming a reality.

ZacharyMatthews
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Joined: Tue Jan 17, 2012 6:20 pm

Nope!

Post by ZacharyMatthews »


DavidC
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Post by DavidC »


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