I can't exactly say I was happy to read the
Katie Farrell's article this morning about the Towle condo projects going up for sale, but I was slightly encouraged.
This project is a perfect symbol of the go-go attitude that existed prior to the crash landing of the economy last year.
The empty shells standing atop the torn up grounds of what previously had been a pleasant looking landscape presents the only stark reminder of what happened to the global economy last September. To be sure, we all know people who have lost their jobs and suffered under these economic times, but this area has largely been free from the incompleted housing tracks found in other parts of the country.
But that's what we have at the bottom of Oakland and Tyng Streets.
I don't know enough about the project to comment on its legitimacy, so this isn't a knock on the principals involved. I, like a lot of people, raised my eyebrows at the mention of million dollar units being built along the river. But part of me, the greedy part I suppose, thought, Well, power to them. My boat will rise with the tide and I'll see an increased value on my house. I'd say they were merely functioning as they were expected and encouraged to function during the times.
Unfortunately, we now found ourselves here. Just as I don't blame the principals involved, I don't weep for them either. I'm sure they'll make out okay. I also don't fault the city on the supposed delays for the project. Again, without knowing the details, I can't speak specifically. But as Mayor Moak says, the review process is a two-way street. In my experience, developers cause more problems than they create and slow their own projects down. Also, statutes give government boards very specific time frames for project review. Unnecessary delays can lead to an automatic approval.
But I would like to know one thing. Is there some sort of bond in place to finish the work or at least cover up the work at Cashman Park? The very well-intentioned plan to relocate the large barn, now sitting in the Towle Parking lot, to Cashman has left us with a complete mess as well as fewer parking spaces.
It's bad enough we've got a monument to overreaching sitting behind the Towle building. Can we at least do something about Cashman Park?