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Old August 10th, 2007, 12:09 AM   #5321
scottbbfm
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Originally Posted by 30 Floors Up View Post
To make amends for my last post:

City unveils superblock plans
Baltimore Business Journal - 3:04 PM EDT Thursday, August 9, 2007 by Daniel J. SernovitzStaff


Cordish and Weinberg have developed two scenarios for their portion of the superblock, which is bounded by Park Avenue, Howard, Clay and Lexington streets.

[/b]
We need to remember there are 2 halves to this project. The first half with the original NYC group wants to get going right after the year-end [doubtful]
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Old August 10th, 2007, 01:10 AM   #5322
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The good news is that SSA is part of the plans. I can't think of a stronger tenant for the office portion of the development.

The bad news, is clearly, the whole 2-3 years thing....
Ok well remember Turner and his Westport project is gunning for the SSA too. Who's it going to be? Westport or Superblock part 2? There's only one SSA. Perhaps even 10IH is too.
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Old August 10th, 2007, 01:44 AM   #5323
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Keep in mind as well that the two to three years projection includes construction time, so it should be finished after three years, which isn't so bad. However, how long has Cordish been sitting on the balloon site property? We might not even see that one go up in the next two to three years.

I think SSA would do better at Westport. Seems like Westport could use the solid anchor tenant a little more. Hopefully, there's enough big tenants to go around for all the projects...After all, 10IH did say they were in talks with multiple possibilities.
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Old August 10th, 2007, 02:54 AM   #5324
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Good points.
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Old August 10th, 2007, 03:39 AM   #5325
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Scando, I agree with most everything you said except for one thing - taxes. They didn't save anything in taxes. Pennsylvania, being a Commonwealth and not a State, has so many layers of government it isn't funny. They have Burough, Township, County and State taxes, and when you add them all together they equate to what you pay here. There are often 7 or 8 different school systems and police departments in each county, and they all have their own chiefs, administrators, and overhead. They tax you for being alive - Per Capita Tax. They tax you for working - Occupation Tax. It's insane. So you pay the same amount of taxes and get nothing in return. In Maryland, you at least get some services.
You're right. My rant wasn't about tax policy but not only do they have lots of layers of government but you get stuck with really weird stuff. Around Hanover, trash pickup is "free", except that you have to put your trash in special bags sold only by the township for several bucks each. They won't take it otherwise. You also pay a specific school tax that leads to serious disparities between small, nearby townships. The tax difference is purely illusion.
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Old August 10th, 2007, 04:56 AM   #5326
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You're right. My rant wasn't about tax policy but not only do they have lots of layers of government but you get stuck with really weird stuff. Around Hanover, trash pickup is "free", except that you have to put your trash in special bags sold only by the township for several bucks each. They won't take it otherwise. You also pay a specific school tax that leads to serious disparities between small, nearby townships. The tax difference is purely illusion.
Well I could go on and on about Pennsyltuckey... you know Philly in the east, Pittsburgh in the west, and Alabama in between..., but the school tax did hit a chord. The disparity is really disheartening. Imagine in Baltimore County: what would the quality of the schools in Essex be like compared with the schools in Hereford/Dulaney/etc., if only local/neighborhood taxes paid for the schools. The wealthiest kids would have the best facilities and the best paid teachers while the poorest would have the opposite. While we have disparity between counties, it still evens out better here. (With the exception of Baltimore City)

I have inlaws... well, not legally... but in our mind, in Syracuse. Driving through PA on I83 and I81 is complete torture. You can't imagine the relief of hitting the NY state line!
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Old August 10th, 2007, 01:37 PM   #5327
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I vote for SSA locating to the Superblock and NOT Westport. Being waterfront, Westport will get done one way or another be it residential, office, retail, or a combination of all three.

The Westside of Downtown needs all the help it can get. The Cordish/Whine proposal with SSA as a tenant will help make the other part of the Superblock development successful. Someone has to shop at all that retail that is planned.

~~~~~

The U. S. Parcel Post station that is being redone next to Penn Station is getting a new paint job. The windows will be dark purple with dark tan trim. They are painting the south side now and it looks really good. It's a vast improvement over the battleship gray that has been on this building for 30 years! According to Baltimore Magazine, the complex is now 80 % leased.

Last edited by 30 Floors Up; August 10th, 2007 at 01:45 PM.
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Old August 10th, 2007, 05:39 PM   #5328
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[snip]The tax difference is purely illusion.
Housing prices are probably driving the influx to York County. Average cost of a four-bedroom home there: $264,557 ... in Timonium, it's $850,000. Now, a more careful "apples to apples" comparison would probably close that gap some, but it would still likely be in the $100s of thousands of dollars. That, of course, is going to affect what a homeowners pays in property taxes.
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