Looked at buying the Hilton Tampa Downtown in a previous life and this development was a big part of the calculus. There are a couple of cities that are being remade by non-RE billionaires with patient capital, Detroit among them. Unclear how it all endshttps://www.wsj.com/articles/former-hedge-fund-titan-and-bill-gates-are-betting-billions-on-tampa-1543924802?mod=hp_listc_pos1 …
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It happened in my hometown and worked out very well. Massive surge in RE prices and small biz near the epicenter. Entirely re-vitalized an otherwise sleepy city
