OK, I went to the new Harrison Square Web site and took the virtual tours. The place as conceived looks nice, but the prices are still ridiculous. $150,000 for barely over 600 square feet? And all the downtown amenities are just promised -- no guarantee of delivery. This seems like an attempt to promote the sizzle when people aren't buying the steak.
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Man, that's $2500 per square foot - and I thought my house was expensive at $140, ... kinda puts things in perspective.
oops - $250 per, ... math still not my strong suit, ...
Harrison Square is a huge unfunded liability. It will forever require the taxpayers of Fort Wayne to bail them out each and every year. Anyone who actually believes that the taxpayers will benefit financially to even be revenue neutral is ignorant of the time value of money.
We the taxpayers guarentee a minimum profit to the current hotel. Each year they miss the target and we the taxpayers write them a check. We will have the very same problem with Harrison Square, but only it will be a much larger check.
It is truly a shame that we cannot go back in time and erase this mistake.
WE ARE HOSED!