Tuesday, May 23, 2006

No News

I don't need to show a picture of 700 Wabash as it is today. Just imagine a fenced sandlot waiting for a ball game to break out. April came and went and May is near the end. No one has even threatened to break ground for the new Terre Haute House.

WTHI has a camera that looks out from 500 feet above Ninth and a half and Ohio Streets to show the city on the TV news and on the Internet. You can't have a dance at St. Bens or a Strawberry Fest on Ohio Street or a fair down at the river without the WTHI-TV Towercam recording you but the news that nothing is happening at 7th and Wabash goes without comment or picture.

Anon comments that the property has not been transferred to the new owners. I guess property transfers are public record but I haven't checked this out myself. Maybe the public records lag behind the legal a few days or weeks but not by months. I hope that whatever kind of snag this project has hit (every time the interest rates rise, pending deals are subject to renegotiation and it's a wonder any project fits into its window of opportunity)... let's hope it doesn't kill the deal.