Dear readers of Seabythecity:
Why hasn’t any other developer stepped in to take the superblock?
Who is the developer that is ready to step in and develop the superblock without the tax abatement?
Where is the lineup of competitive developers? I’m afraid the fact of their absence looms large.
You can say it has to do with Long Beach’s reputation, but like stock market investors real estate development is forward-looking and should take into account the changes from the past. Seriously a discussion of the merits if iStars presentation is in order as opposed to the catfight that will likely erupt tonight.
-A resident of Long Beach