Piatt Place plan grows - PittsburghLIVE.com Millcraft Industries Inc., of Cecil Township, Washington County, also wants to talk to officials of Saks Inc. to determine its interest in moving its Saks Fifth Avenue store Downtown to its expanded development site.If you move -- you move. That isn't a guarantee of growth. Rather that is called "CHURNING." We don't need to churn. We need to grown.
'We also will be contacting Saks to determine if it wants to use part of the site to expand its store,' said Lucas Piatt, vice president of real estate for Millcraft, which in January completed purchase of the Lazarus-Macy's building from Federated Department Stores Inc.
And more over, we don't need to subsidize the churning.
To get Sacks to move from A to B is but a shell game. What then goes to B, an empty building?
Even the downtown residents -- they'll be moving out of other neighborhoods to go downtown. That is displacement.
Developers make money when they bribe folks to move near them -- as their land values and property values can double, triple or more. But, holes elsewhere are created, often.
This shifting is often just to allow the rich, err, the super rich to get richer and the poor to get poorer.
If I had a voice in O'Connor's office I'd say in no uncertain terms that any move to this development area that is just as described in the article -- would insure that the entire project gets $0 as a subsidy. It should NOT be accepted.
We're going to take the high road and improve our city -- with gains, real net gains. We can't toss up some smoke and mirrors and expect real progress to occur. We can't have the city be fooled into such sillyness.
O'Connor shouldn't say, Saks should stay here. He should say that he wants Saks to stay PUT. Big difference.
Even with the Penguin discussions. The Penguins should stay here (in the greater Pittsburgh area) and the arena should stay put. The Pens can build a new areana and move out of the civic arena -- but the old arena is going to stay put and be a home to the circus and Disney on Ice and Carrick High School Graduations.