Well, it was bound to happen eventually. As the general building boom in and around downtown and Uptown continues, and Klyde Warren Park’s popularity transforms what were once undesirable lots abutting a freeway into the hottest plots of land in the region, someone noticed that there’s a well-located little parcel doing nothing more than housing a giant sculpture. And so, yesterday Steve Brown reported that the land at the southeast corner of Pearl St. and Woodall Rodgers Freeway will be sold by the Dallas Symphony to make way for a new office tower.
It makes perfect sense. A spokesperson with the symphony said the proceeds from the sale (estimated at $7.2 million, one of the highest prices ever for the Arts District) will go to fund symphony operations. And while the symphony has pushed through their own rocky financial times, the financial world around orchestras is ever an uneasy one. So from a symphony perspective, it’s fortuitous that the DSO had a little land to flip to shore up their operations. Bravo.
Of course there are concerns about the development — there always are.Full Story