The Beginning of the End for Regency and Arlington.

Started by stephendare, May 05, 2008, 10:27:29 PM

kbhanson3

Quote from: thelakelander on December 01, 2013, 09:52:55 PM
That vision plan is all dreams. It's hard to make something like that remotely realistic when you're drawing over other people's properties.
Not to mention the area's struggling demographic shift over the past generation (declining avg. incomes and increased crime).  A pretty plan isn't going to solve those challenges, and no white knight developer is going to swoop in to revitalize the area under the circumstances.  When General Growth Properties went through Chapter 11 recently it put Regency into a newly formed subsidiary company of "bad assets" because of the low occupancy in the property and little hope for improvement in the foreseeable future.  Regency/Arlington has much bigger problems than any master plan can solve.  Address the problems first (no idea how) and then redevelopment will follow.