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Changing Fortunes Of Skyscrapers

Posted by: Abhijeet Chavan
Thanks to: Cascadia Scorecard Weblog
15 January 2005 - 9:00am

Are skyscrapers back in favor with the public again?

"When Seattle's mayor said last week we should build new skyscrapers downtown, the idea got an extraordinary reaction. Nothing happened...

s there anyone left from old Seattle out there? The reason no skyscrapers taller than 45 stories have been built here in 15 years is that voters banned them by citizens' initiative in 1989...

...What a strange trip it's been. Not long ago skyscrapers were so distasteful we banned them. Now we want to live in them."

Full Story: Living tall now wins high praise
Source: The Seattle Times, January 14, 2005
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“
The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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