3 ms·

I wouldn't be surprised if MSG's impact is actually net-negative. The complex sits on some of the most valuable property in the world, and its current use compl

• dehrmann 4y ago
  The Bay Area is watching something that demonstrates that right now. The land under a theme park near San Jose got bought by a warehouse (think fulfillment center) company. Entertainment venues like this aren't always economically viable if they have to compete on the open market with other property uses, but there's still community value to them.
  • Fatnino 4y ago
    There was some shenanigans there too. The land was owned by the county and the theme park was allowed to use it. Then at some point in the pandemic (I'm not totally clear on the details) the land was given (sold for very cheap?) to the theme park owner to keep the park there. The park owner then turned around and immediately (like not even a week later) sold the land out from under the park.
    • dehrmann 4y ago
      The city (confusingly, the city and county have the same name) sold it sold it in 2019 because California outlawed redevelopment agencies in 2011.
• cammikebrown 4y ago
  Oh my God. Let’s get rid of one of the best concert venues to build another high-rise? Gross