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He said razing Dharavi, or even completely redeveloping it, would only push residents into other slums.
During that economic downturn, Mr. Leslau made his fortune buying commercial real estate on the cheap and redeveloping it.
MATTHEW KLAUER bought the picturesque former Wykeham Rise school property in Washington in 2008 with the intention of redeveloping it as an inn and spa.
"They didn't pick it up, and then there was interest in redeveloping it, but I said, 'No, I'm out,'" he recalls.
"It cost approximately $3 million to clean up the site," said Charles Kramer, president of Brookhill, which specializes in finding contaminated land and redeveloping it for other uses.
While elected officials say they cherish the landmark skyscraper, they also acknowledge that they simply cannot ask taxpayers to shoulder the cost of redeveloping it, especially since Rhode Island still hasn't fully recovered from the recession.
Similar(42)
It wants to transfer ownership of the estate to a housing association, which would then redevelop it, using its ability to borrow money against future rents.
Hamilton House is currently considered B1A office space, making it much easier for its landlords to redevelop it into work or residential space.
There have been many attempts to restore and redevelop it.
"It's really a question of finding someone who's charged to redevelop it".
In the 1980s, the LeFrak Organization failed in a bid to redevelop it.
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