tag:blogger.com,1999:blog-35921470.post6908399532786385875..comments2023-07-16T06:34:24.888-04:00Comments on Tales Of Two Cities: Simon Getting Serious about GGPwordboneshttp://www.blogger.com/profile/00250201271555676642noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-35921470.post-19716009395151593702009-11-19T09:33:17.275-05:002009-11-19T09:33:17.275-05:00CT,
Good question. I think it is a distinct possi...CT,<br /><br />Good question. I think it is a distinct possibility that Simon could spin off the master planned communities since it is outside of their core business. On the other hand, retail is gravitating away from the mall model towards more mixed use development. This would bode well for keeping the master planned communities together as a unit if they buy the company. It would add valuable expertise to their core business.<br /><br />As far as commitment goes, anyone who ultimately owns the former Rouse Company holdings must follow through on the plans that GGP has proposed in order to realize a return on their investment. This die was cast when GGP paid a premium for the undeveloped land in Columbia in the purchase of The Rouse Company. Ironically, the sale of The Rouse Company and the premium it put on this land may have actually saved Town Center from piecemeal development.<br /><br />-wbwordboneshttps://www.blogger.com/profile/00250201271555676642noreply@blogger.comtag:blogger.com,1999:blog-35921470.post-78102630035932727792009-11-19T09:04:39.563-05:002009-11-19T09:04:39.563-05:00I'd be interested in your thoughts. Why would ...I'd be interested in your thoughts. Why would a company with no expertise in planned communities want to keep that business? Isn't it possible Simon would try to spin it off? <br /><br />Also, GGP has spent a lot of money and time on public engagement. How do we know new owners would show the same commitment?<br /><br />I raise these questions because much of the debate on downtown Columbia revolves around GGP's plan and as you suggest in your post, GGP might not be around.Columbia Talkhttps://www.blogger.com/profile/15837022564514347836noreply@blogger.com