I was worried for a second that this was an actual industry buzzword, but fortunately Google doesn’t seem to agree.
Yup, developers essentially lining up to buy lots in the current Pierce Elevated ROW from the state are one of the big reasons that EaDo is getting steamrolled in the reroute project. The affected businesses and individuals in EaDo don’t have the collective clout these developers do.
This is basically the commercial real estate equivalent of a highway getting routed through the middle of a lower income neighborhood—think 59 splitting up the Fifth Ward, 288 knifing through Riverside Terrace, etc.
Curious if this is really just quid pro quo to “repay” campaign contributions from certain developers by giving them cut rate deals on prime real estate.