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He promised not to raze them.
It instead acquired three small buildings, hoping to raze them and build an annex.
The city bought the old St. Peter's buildings and then won permission in court this spring to raze them.
He pays a good, stiff tax on the land, but the assessments on the buildings are so low that it wouldn't pay to raze them, even if he could get the labor.
But without enough 120-acre parcels to endlessly create lifestyle centers, and limited developable land left around existing malls, the only choices for developers of older malls are to reinvent them or raze them altogether.
Faced with land costs that exceed the value of older homes by hundreds of thousands of dollars, builders continue to buy older houses, raze them and build speculative mansions that sell quickly in a lively market.
Similar(45)
Eventually park officials considered razing them to make way for more benches.
Schemes and designs to upgrade slums, rather than razing them, have been proposed.
The partners bought the three Essex Street buildings last July and razed them.
Some orange packers and small and midsize growers have sold their groves, razed them for development, or simply abandoned them.
As a serious effort to make standing forests more valuable than razing them for agriculture, it is unprecedented.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com