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Developers convinced Novo that a renovation would be faster and cheaper than new construction.
Such a renovation would be difficult in either of the poky Downing Street flats.
A full renovation would be required, and its location in Inwood would also have added to his commute.
Before Mr. Tankel decided to create his restaurant, another restaurateur rejected the site, saying such a renovation would be too costly.
His verdict, Mr. Wilson said, was "it's such an old building that it's going to be a massive headache" — in his opinion, a total renovation would be in order.
Tennis association officials said the renovation would be financed by bonds and revenue generation and not by an increase in ticket prices, although the project will increase the capacity of the tennis center by 10,000 spectators per day.
Similar(48)
The documents do not indicate when renovations would be complete.
The scope of further renovations would be determined after a public hearing.
His longtime colleague Chen Zhangtai, 80, said Mr. Zhou decided renovations would be too distracting.
At the time, officials estimated the total cost of the renovations would be $500,000.
Paul Pariser, a partner at Taconic, said the cost of the planned renovations would be near the purchase price.
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