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Thursday, November 02, 2023 4:25:47 PM
IMO the crappy City Center Downtown Motel property may be developed one day but not by Ken. For one thing, the property size is too small which means the only option is to go up which is far more costly. The 2nd thing are the historic preservation restrictions on the property. Even Ken wanted to bulldoze the place
https://www.phoenixnewtimes.com/arts/plans-to-demolish-a-historic-downtown-phoenix-motel-to-create-a-cryptocurrency-hotel-meet-firm-resistance-12672620
As recently as March he was he was soliciting a grant from taxpayers. Hardly what I'd call "private funding."
https://www.bizjournals.com/phoenix/news/2023/03/17/ev-hotel-group-phoenix-city-center-motel.html
Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
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