He may not be able to stop the convention hotel, as he hopes, but at least his people may have saved the city some money today.
7 Comments to “Harlan Crow Wins A Round”
Trent@ April 23rd, 2008 at 3:17 pm
Don’t you mean the voters have won a round?
Nathan@ April 23rd, 2008 at 3:53 pm
Why doesn’t Crow shuck out some money for a petition drive so that we can all vote on this turkey?
houston@ April 23rd, 2008 at 4:47 pm
crow is waiting to turn the Dallas Market Center-World trade center into another hotel/condo project. . .
Neal@ April 23rd, 2008 at 5:52 pm
“Conceptually, such a hotel, at 1,000 rooms, would help the Dallas Convention Center regain its status among the nation’s elite facilities, Mr. Leppert argues.”
What does Leppert mean by “regain its status”? I thought the convention center already was the “Center of Universe”!
Neal@ April 23rd, 2008 at 6:11 pm
I just reread the article. It would have been nice if Dave Levinthal and Rudolph Bush had explained why Crow Holdings inserted itself into this process and what their motivations might be in doing so. Or they could have simply included a couple of sentences along the lines of: “After the meeting, Ms. Norris declined to comment on why Crow Holdings would have an interest in the proposed transaction or the valuation of the land. The Dallas Morning News also called several Crow Holdings executives for comment, none of whom replied by press time.” Or something like that. Since they did neither, I think it’s safe to assume that one or both of them simply sat in on the meeting and robotically jotted down notes without any follow-up or other reporting that would qualify as minimally competent journalism.
Dallasite@ April 24th, 2008 at 8:26 am
The Crow Family Trust still owns the Hilton Anatole Hotel. If you really want a reason why Harlan Crow has suddenly become a good Samaritan, it’s because a new convention center hotel will cut into his rates and occupancy at the Anatole.
Having said that, he raises some very good points. Land in the northern end of downtown is in the $100-$125 per square foot range, even higher in the arts district, but in the southern portion of downtown, due to the overwhelming homeless presence there, land can sell for as little as $20 psf.
Realistically, this property is probably worth between $50 & $75 psf, maybe more if it were broken up. The city is trying to buy it at $115 psf.
Bobby Ewing@ April 24th, 2008 at 9:46 am
Harlan Crow, who would prefer to say nothing believe me, speaks out on principle. He has time and time again said he knows that he has a dog in this hunt. But his main point is wanting the “invisible hand” of the open market to dictate major development projects–not the often grimy hand of the City.
Don’t you mean the voters have won a round?
Why doesn’t Crow shuck out some money for a petition drive so that we can all vote on this turkey?
crow is waiting to turn the Dallas Market Center-World trade center into another hotel/condo project. . .
“Conceptually, such a hotel, at 1,000 rooms, would help the Dallas Convention Center regain its status among the nation’s elite facilities, Mr. Leppert argues.”
What does Leppert mean by “regain its status”? I thought the convention center already was the “Center of Universe”!
I just reread the article. It would have been nice if Dave Levinthal and Rudolph Bush had explained why Crow Holdings inserted itself into this process and what their motivations might be in doing so. Or they could have simply included a couple of sentences along the lines of: “After the meeting, Ms. Norris declined to comment on why Crow Holdings would have an interest in the proposed transaction or the valuation of the land. The Dallas Morning News also called several Crow Holdings executives for comment, none of whom replied by press time.” Or something like that. Since they did neither, I think it’s safe to assume that one or both of them simply sat in on the meeting and robotically jotted down notes without any follow-up or other reporting that would qualify as minimally competent journalism.
The Crow Family Trust still owns the Hilton Anatole Hotel. If you really want a reason why Harlan Crow has suddenly become a good Samaritan, it’s because a new convention center hotel will cut into his rates and occupancy at the Anatole.
Having said that, he raises some very good points. Land in the northern end of downtown is in the $100-$125 per square foot range, even higher in the arts district, but in the southern portion of downtown, due to the overwhelming homeless presence there, land can sell for as little as $20 psf.
Realistically, this property is probably worth between $50 & $75 psf, maybe more if it were broken up. The city is trying to buy it at $115 psf.
Harlan Crow, who would prefer to say nothing believe me, speaks out on principle. He has time and time again said he knows that he has a dog in this hunt. But his main point is wanting the “invisible hand” of the open market to dictate major development projects–not the often grimy hand of the City.