Would be interesting to see if those opposed to this plan would feel differently if Kane and Malik were to take this proposal to Durham.
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I’m sure they would be pissed.
Another exciting potential impact of this project is that it could spur renovation/redevelopment of The EB Bain Water Treatment plant which is right next door! Look at this beauty: 
!
I believe it’s owned by Greg Hatem
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That place looks like it has a lot of potential to be a food hall or beer garden 
I forgot Empire owned this…This would be such an interesting gallery space. When the Bain Project went down in '09, I was hopeful for more weird in Raleigh…Perhaps, we can hope the long pause was worth it and something funky sprouts from development around the Kane / Malik ‘DRED’.
*BTW, Downtown South is some stretch for a nickname but it’s better than the above straight-forward acronym…
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I vote beer garden. Just seems to have that look to me for some reason. Guessing there are large open spaces inside.
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This is not like incentives for business expansion. The choices are: will the city/county withhold travel-related tax funds & have no stadium component/MLS for the city, or grant the already designated tourism tax funds for a stadium, (to a known quantity development group, who follows through on their projects & would add a boon in additional tourism tax dollars). The $11M, the Cain group requested annually, will, then, go to other venues that would not come close to producing travel related tax income… The return on the $11M requested would be incredible for the city & county. This is a no-brainer, pony up!
Separately, the city/county has agreed to give $6M/year to a jointly owned arena, with no contributions from the other partners: ‘Canes, the State Government, nor NCSU.
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What the city needs to assess is whether or not they think that the requested contributions over ten years will be a de facto investment with returns. Kane and Malik would want you to believe that, and they have a very strong case. The fact that they have not yet completed the purchase on the properties tells me that they are playing their cards strategically and putting the county and city in position where they have to take action to move their nearly $2B investment forward.
I have to wonder if other entities are even trying to show a return on public investment in the same way that Kane and Malik are doing.
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If Apple or Amazon we’re offering a 2B investment, we would have given them the Capitol.
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Probably not. But if the conversations in New York are showing anything, how they’re acting about being responsible developer-neighbors might become a role model for 21st century developers? If they play their cards right, at least.
I really have to wonder, if this gets shut down, and Phase 3 is not rezoned, along with the Carbarras project not getting rezoned, if Kane doesn’t decide to move to Durham. His son is there now, about to start on his first development project, and that city council is really forward thinking with downtown growth.
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I really hope this doesn’t happen. Durham is very deserving of him but Raleigh deserves him more.
They even have scooters! 
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No they are not…because they can’t show an ROI anywhere in the realm of close to what this project will generate
At least they’re not calling it “SoDo” (South of Downtown). 
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If we were in Berlin or Budapest this would make a fabulous underground club… but yeah beer garden, food hall combo probably 
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Yes and a meteor could take out a development or two also.
I’m not against giving them some public money for a stadium, just make it contingent on landing an MLS team.
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I think it’s a risk. He’s not going to fight a no-growth low-density council at every turn. Put yourself in his shoes. Loyal followers here know all the sides to this story. It’s soooo ridiculous.
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I made a comment earlier about people’s reactions should Kane move this to Durham. It was an actual, legitimate concern. If this council proves difficult to work with regarding rezoning, affordable housing, etc., why wouldn’t you float this proposal to Durham? Maybe use it as a negotiating tactic.
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