Jass - the one thing that will not happen is for a Billion$ project to run out of money -- the Treasury and the Fed together have provided a means for big borrowers to borrow essentially unlimited funds from the "Printing Press" -- based on some collateral
Hines is big-enough that they can bring the South Station Tower as collateral to the Fed for cash$$$ to pay for whatever materials or services that they need to buy
As soon as the shutdown is over -- We are going to want to have people working getting the economy ramping-up ASAP and major construction ["Shovel-ready" to borrow a phrase from Pres. Obama a decade ago] is one thing that the policy makers will be encouraging
The key is exactly what kinds of things have changed long-term as to how best alter the design building program to best fit the new social-economic realities
I think the model of every city trying to Manhattanize -- is over..
The rapid spreading of the COVID-19 in NYC versus the rest of the country -- has fundamentally changed again the balance between density and room to breathe.
The other fundamental change is the return of real industry in particular Strategic Manufacturing for the Health Sector -- we won't want to depend on any overseas suppliers for this stuff in the future. These new or returning manufacturing companies [e.g. Honeywell making N-95 masks in Smithfield RI in an somewhat repurposed factory] will not be going into the core of cities -- they are going back out to the burbs where there are relative abundance of buildings from the 70's and on -- Rt-128, I-93, I-495, etc. The people working in these places will not be living in cities and commuting out -- they'll be living in the burbs and driving locally.
A Rhode Island company that specializes in safety equipment is taking up the fight against shortages of personal protective equipment around the world caused by the coronavirus pandemic. The company said it's ramping up production in Smithfield to make more N95 face masks.
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