Moava | Indy Week

Member since Apr 26, 2007



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Re: “Eyes on the prizery

"It's not usually in a for-profit developer's mind," he says, dryly, "to solve a problem like what do artists need." What an ego Rothschild has. I think it is a good thing developers tend to not build space for artists. In my opinion, art tends to be more interesting when it comes from somewhere organic. Good art finds its own way, and in some cases benefits from adversity. Forcing the issue by creating a mini mall of artists will likely produce the kind of art you would buy in a mini mall. The same thing goes for the "performance space" planned at this location. Golden Belt is not very far from 305 South or Bull City Head Quarters, two art/performance venues that formed on their own and are likely to be more vital to our burgeoning art/music scene. This might end up being a moot point; last week Rothschild informed Durham City Council that he needs $6.2 million in incentives, and another $6 million or so from Durham County in order to complete this project and another at Heritage Square. Without these incentives he cannot guarantee his investors a 15% return in their investment. A few months ago his request for a $20 million parking garage was turned down, and it seems like he as figured out how to do that on his own. Hopefully the city/county will continue encourage him to tap his own resources, maybe the adversity will benefit his projects.

Posted by Moava on 04/26/2007 at 11:17 AM

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