Trader Vic's(Beverly Hills)fate sealed? Not if we can help it! - General Tiki

B bigbrotiki Tiki Socialite Tiki Island, above the Silverlake Joined: Mar 25, 2002 Posts: 11621	B bigbrotiki Posted posted on Tue, Mar 17, 2009 10:18 AM If the fact that a property that was originally purchased for 35 Million was turned around and only a few years later was bought for 500 Mil (!) does not aptly demonstrate what was wrong with the multinational world of finance in the last decade, what does! There is a whole city block smack in the middle of downtown Palm Springs that was razed (with it the original location of the m-modern Gallery) for a multi-use shopping and living development that is an empty desert lot now. The developer skipped town.

If the fact that a property that was originally purchased for 35 Million was turned around and only a few years later was bought for 500 Mil (!) does not aptly demonstrate what was wrong with the multinational world of finance in the last decade, what does!

There is a whole city block smack in the middle of downtown Palm Springs that was razed (with it the original location of the m-modern Gallery) for a multi-use shopping and living development that is an empty desert lot now. The developer skipped town.

Post #440614 by bigbrotiki on Tue, Mar 17, 2009 10:18 AM