Discussions

That the building would profit much from meeting rooms. Why not a homeless shelter?

Do you think that would make more money?

The building is privately owned and I don't think running a homeless shelter would come close to paying the expenses.

is going to be the bigger problem whether they use the building as an event venue or as meeting rooms.  
There are plenty of meeting rooms available in town but most at a considerable hourly cost. Which I fully understand is needed to cover expenses, repairs, insurance etc.  
I see they have a kitchen area, which presumably will be licensed for individual group usage.  
With the current hotels and new ones being constructed is another event space really needed?  
Homeless shelter is not viable unless major internal partitioning takes place to create separate rooms. You could then maybe rent to social/welfare cases but rent would have to be paid directly to owners not to the benefit claimants. The cost to convert would be horrendous and the plumbing etc a nightmare, then cost in a sprinkler system and alarms. Let alone security.  
 
Edited by vegimite, 2020-10-21 15:23:14

Makes sense as an event venue. Tons of weddings, showers etc were booked privately while it was a restaurant. Sure it’ll have a harder time given the current Covid situation.. but it did have success as a venue in the past.

will be a very unique venue for sure.

It's not clear if it's the old owners or otherwise new owners that are trying to make this go again. The place was up for sale a while ago so I'll presume that new owners are playing this.  
 
Whoever, they have deep pockets. It's obviously a long-term investment: it will be a long long time before group venues are able to, well, profitably offer a venue for a group.  
 
That said I've wondered about buying that place to develop for my own personal residence.

How do you know it will be a long time before group venues are allowed?? Are you able to predict when the pandemic will be over or when restrictions are going to be lifted?!  
 
Also fyi the ownership has never changed.  
 
Edited by BiG Mack, 2020-10-21 17:48:17

Homeless shelter. Has a built-in soup kitchen. I think the homeless would pay $40/night to stay. .. European shower available in the second bathroom stall.