Re: Re: One Berkley court -132m Tower
I wonder if the state ‘guarantee’ is worth the paper it’s (not) printed on; if the UB tried to get this EUR500m bad debt off the Dept of Finance I suspect they’d be told where to go. With all these landbanks kicking around, the State should buy those it wants at CURRENT market values (i.e. not a lot) – making developers and banks an offer they cannot refuse – and held as a strategic state land bank to be used/released/sold at the State’s pleasure and for purposes of strategic public benefit. And,of course, with appropriate mandatory planning guidelines attached.