Posted by: The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

10 responses to “Weekly Twitter Digest (Link Roundup) for 2012-11-09”

  1. joe

    The EMP negotiated to be the only liquor license at the center (aside from the spaceneedle restaurant) which severely limits what sort of liquor sales can occur at other locations down there. Some of the other tenants have reduced rental rates because of this limitation (Center House is trying for bars and Chihuly wants a restaurant). Maybe the article covers it (I’m not a PSBJ member) but what is the EMP rent anyways ?

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  2. ARDELL

    RE: joe @ 1

    Thanks for adding that detail. Looks like a story worth following and subject to change based on that expanded info you have provided. Once the major difference changes…the rent agreed to on a long term lease would INDEED be too high…and by a wide margin.

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  3. Kary L. Krismer

    Tim, regarding Amazon, why do you post such BS? pfft has told us over and over and over that taxes don’t affect what businesses do! ;-)

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  4. Ira Sacharoff

    When the EMP was built, it wasn’t because there was a great demand for it from Seattle citizens. It got built because Paul Allen liked Jimi Hendrix and needed a tax break for his guitar collection; Billionaires are greatly admired in this town, and tend to get whatever they want. We’ve already given the guy all kinds of favorable treatment in South Lake Union, built him a football stadium, and built him a streetcar line. On the other hand, if the EMP closes because of losses that are too large to sustain, I just can’t imagine who would occupy that building. Can you say White Elephant?

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  5. joe

    RE: Ira Sacharoff @ 4 – I think Seattle Center is where we like to collect our White Elephants…. KeyArena, Mercer Arena (in holding pattern with Seattle Opera for years), Memorial Stadium (city and school district had plans for its rebuilding years ago), Fun Forrest, Glass Pirate Shrines, AND the EMP.

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  6. Joem

    RE: joe @ 5

    And Joe don’t forget another one: a restaurant basically on the edge of the Center that was almost literally a white elephant. A big goopy freeform white structure that sat closed for many years and was finally torn down. Hunh–I wonder if its loopy design inspired the EMP?

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  7. Kary L. Krismer

    And in related Seattle Center news, perhaps most appropriate on this site:

    http://www.bubbleatorsessions.com/

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  8. Ira Sacharoff

    RE: Joem @ 6
    It was nicknamed The Blob, and when it was a Greek restaurant, it was pretty good.

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  9. wreckingbull

    RE: Ira Sacharoff @ 4 – I went once, when my manager was visiting from out of town. To me, it always suggested the moniker “Technicolor Turd”. Sort of like the aftermath of when your dog ate your 64-pack of Crayolas.

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  10. Lo Ball Jones

    So, wait a minute.

    The guy who has been pushing “urban living” for the last twenty years, and has been selling 1-bedroom cubbyhole condos at SLU for a king’s ransom, admits that prime city real estate isn’t worth the rent?

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