Saturday, April 24, 2010

Weekend Reading: The Olympic Legacy Revisited; NYT Looks at Condo Boards Issues with Developers

The weather for the weekend isn't looking so hot, so if you're looking for some reading here are two ones that we enjoyed.

First, the Newcity blog takes a look at the Olympic legacy and specifically the Michael Reese Campus that was planned to be the glistening Olympic village in an article titled:
Nolympic Dreams: Six months after the 2016 heartbreack, what's the legacy of would-be glory?
In the architectural renderings, twenty-one high-rises line the south lakefront amid rows of orderly green trees. A newly built pedestrian bridge arcs over the Metra Electric tracks and Lake Shore Drive to connect the shimmering high-rises to the lakefront attractions, which include a new fountain, amphitheater and swimming pool. On the side of each high-rise is visible a symbol that’s slowly sliding from ubiquity to oblivion: the Chicago 2016 logo.

Also of interest was a NYT article (from the Chicago News Cooperative) looks at the problems many Condo boards are facing with their developers who have built crappy buildings:
Unexpected Repairs Rattle Owners of New Condos
The view from Tom and Jane Justic’s eighth-floor condominium in the South Loop — with Soldier Field in the foreground and majestic Lake Michigan behind it — is exactly what they were looking for when they moved from Beverly in 2005.

But the condominium that came with that view has an unexpected and unwelcome additional cost: $850 a month in special assessments for the next five years, to cover the expense of building repairs that were completed late last year.

(Hat Tip: FS!)
(Image from NYT)