I’m going to presume that this is in response to the idea of a bunch of empty shiny towers. I can tell you that the tens of thousands of empty condo units after the 2008 crash in Miami were predicted to halt construction for 2 decades in Miami. Well, after 5ish years of banks sorting out what to do, all of those units were scooped up on the cheap and invigorated DT Miami and Brickell in a way that I’m sure that nobody expected. More is being built today (or since the recession) than before it. The way they are paid for has changed as well, and more are to come. Then again, Miami’s market is completely different from Raleigh’s. But, my point is, not doing anything or slowing down development out of fear of the worst case scenario is way worse than being assertive and aspirational.
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