“This is going to end badly. Upstate NY is in the PITS economically and the national housing market bust will put a quick stop to any sane sales...”
This is Hillary’s “Steamtown” moment.
Bob Congel and the Pyramid Co. will make this fly if anyone can. They have been talking about this DestiNY business for 10 years and at the time it was first proposed it would have made sense. Now...after 10 years for foot dragging and political wrangling, the project is a waste of taxpayer’s dollars.
Syracuse (my former hometown) is essentially vacant. GE is gone (Lockheed Martin is not what GE was), Carrier is pretty much gone, Crouse Hinds is pretty much gone. The largest employer is Upstate Medical University.
Ditto for Utica ( GE and Grifiss AFB)
Ditto for Rochester (Kodak and Xerox)
Ditto for Buffalo. ( Bethlehem Steel, Republic Steel, Ford, GM, the railraod yards)