Porter says he’d like to make sure the buildings, or at least their facades, are saved. Blue has said if anyone thinks they can preserve the buildings and develop the property, they can purchase the land from him. The city and the Downtown Development Corporation are seeking buyers who will save five of the seven buildings.
Blue would have final approval over any sale. He has repeatedly said that if anyone wants to save the structures, purchasing them from him is the best option.
Developer Todd Blue has just over two months before he can destroy the buildings to make way for a parking lot, then for the Iron Quarter development. The city has agreed to find the best way to preserve or recreate the facades, and Mayor Greg Fischer will ask the Metro Council to approve a $450,000 budget allocation to help Blue follow through on the plan.
The canal will cost the city about $65 million, but that could be offset if business owners buy land along the canal route to develop.
They were protesting an agreement between Metro Government and developer Todd Blue which will allow Blue to destroy the buildings in three months to make room for a new development. Blue can also use the site as a parking lot for five years prior to building
They’re protesting an agreement between Metro Government and developer Todd Blue which will allow Blue to destroy the buildings in three months to make room for a new development.
The city has agreed to try to save the facades or recreate their appearance, but preservationists say that isn’t enough.
Earlier this week, Blue agreed to drop a lawsuit against the city in exchange for permission to destroy the buildings and help preserving or rebuilding the facades. Preservationists have criticized Fischer for not being transparent in his decision to make the deal, but Fischer dismisses those claims.
Blue says he hasn’t received any offers from developers or preservationists for the buildings. He contends that the strip cannot be reasonably preserved, and he says he wants to maintain the area’s historical appearance, but he also wants to develop downtown.
Blue was seeking to destroy the buildings at First and Main to make room for a hotel and restaurant development called the Iron Quarter. Metro Government officials wanted to preserve at least part of the buildings.
The plant was sold to the Boston Development Group, which is led by a local doctor. The group previously was the top bidder for the plant at an auction, but the deal fell through late last year. Much like that sale, the new deal anticipates foreign investors helping finance the redevelopment of the plant and the surrounding area into Clark’s Landing.