Posts tagged with "Verizon":

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Cleveland lands 2016 Republican National Convention

The Republican National Committee (RNC) selected Cleveland this week for the site of their upcoming convention. Cleveland beat out Dallas with a bipartisan lobbying effort that lasted months. At their 2016 convention Republicans will nominate a candidate for President, hoping to regain the White House after eight years of Democratic leadership. But what does it mean for Cleveland? According to the city’s mayor, Democrat Frank Jackson, about $200 million. That’s how much economic activity the convention is estimated to create, mainly for utilities, hotels, airport businesses and restaurants. Cleveland’s Quicken Loans Arena is expected to host floor events for the convention in June 2016. It’s not free money, though. As Diana Lind pointed out for Next City, the RNC asked its host committee to front $68 million for its venues and security—standard operating procedure for the federally subsidized political meeting. Lind noted that a study commissioned by last election season’s host committee, Tampa Bay, found more than half of the direct and indirect spending the RNC brought to the city was in the form of telecommunications upgrades by AT&T, Verizon, Sprint, and TECO Energy—infrastructure improvements that might have happened anyway. Cleveland has bet big on convention centers in recent years, building a Global Center for Health Innovation that aims to be the "Epcot of healthcare" at the heart of downtown’s Daniel Burnham–planned civic core. In an ongoing effort to start an urban recovery that will stick, Cleveland could use the RNC convention to show off the city’s growing trade show business in a city whose unemployment rate remains above the national average.
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Skin Condition

Putting the Verizon building behind bars—and plans for its recladding on ice. (StartAgain/Flickr) It looks like one of New York's ugliest buildings may also have turned out to be one of its naughtiest. The exchange place at 375 Pearl Street is reviled by many, including tall buildings expert and AN pal Carol Willis, thanks to its blank sides and besmirching of our Brooklyn Bridge panoramas. Fortunately, plans were in the works to have Cook + Fox reclad the building and turn it into something more befitting of an increasingly polished downtown, not unlike the recent transformation of another former phone exchanger across from Bryan Park, 1095 Avenue of the Americas. But that could all come tumbling down thanks to some long—or is it tall—overdue taxes. A rendering shows Cook + Fox's proposal to transform the building into something more palatable for developer Taconic Properties. (Courtesy Cook + Fox) Curbed sounded the alarm about a report in the Tribeca Trib that details some serious zoning and tax violations stretching back to when the building was first drawn up in 1972. Apparently, when the exchange place—basically floor upon floor of telephone connections—was constructed by New York Telephone, it added hundreds of thousands of square feet more than it promised in its deal with the city, from whom it bought the land for $17 million at the time. Had it not been for the 2007 sale of 29 of the building's 32 floors to Taconic Development, and the developer's subsequent advertisement of the missing square footage, the city might never have realized. But now, they're suing Verizon and the developer—the city alleges Taconic was complicit, given its below-market-rate price for the floors—for $53 million plus interest. And if that were not enough to kill the reclad, there's an injunction on any construction work taking place at the building until the case is resolved.