Construction costs are ideal for development. Raleigh always seems to be waiting instead of being proactive. Development is much too slow, too many council members that prevent growth/density. What is the Downtown Raleigh Alliance doing to bring in new business and new companies (or HQ's)? Sounds like nothing. Is anyone responsible for downtown business development? Never hear any news on bus dev activity.

I haven't heard of anyone else chomping at the bit to build anything there.

Unbelievable! The City Council now turns its back on a man who has been at the forefront of revitalizing downtown Raleigh. For many years Ted Reynolds has devoted time, money and energy to improve our city. Regentrification requires vision, investment and risk. The guardians of Raleigh's city government should adjust their focus beyond the end of their noses. Their vision hasn't been exactly stellar. The uncertainty of our economic future should allow proven entrepeneurs a bit more latitude. Give the project the time it needs to unfold, rather than switching horses midstream and ending up with another city financed fiasco.

Are you a lobbyist for this developer? The city gave them ample time. The city needs to hold the property until the market goes up and profit off the sale. Reynolds wasn't going to be built anyway...the developer just wanted an indefinite hold on the property. Raleigh Gov needs to start thinking like a business and protect tax-payer equity.

Unbelievable! The City Council now turns its back on a man who has been at the forefront of revitalizing downtown Raleigh. For many years Ted Reynolds has devoted time, money and energy to improve our city. Regentrification requires vision, investment and risk. The guardians of Raleigh's city government should adjust their focus beyond the end of their noses. Their vision hasn't been exactly stellar. The uncertainty of our economic future should allow proven entrepeneurs a bit more latitude. Give the project the time it needs to unfold, rather than switching horses midstream and ending up with another city financed fiasco.

Now get rid of Empire. They do not know how to develop/build large projects. Enough wasted time, send out another RFP to major developers out of state.