The project is maybe not the worst idea, the $1400 rent a month though…

Oh and this was not the first plan:

“We were thinking of turning it into a WeWork space, a concert hall, a beer garden. We had no shortage of ideas on what to do with the space,”

  • M0oP0o@mander.xyzOP
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    3 days ago

    They wanted to make it a “we work” at first, its not the overcharging that is the issue. The issue (at least for me) is turning every thing into a business venture. This was once a public building for teaching kids and was bought on the cheap to turn into another trendy revenue source.

    • lowEndLitt@lemmy.world
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      2 days ago

      I wanted to disagree with you at first, because I love the idea of repurposing old structures instead of building yet another soulless, “modern” apartment building, but yeah, they’re clearly doing this with the intent of turning a profit when it could have been another example of non-market housing, where the cost of rent simply covers the cost of building maintenance and actually helps to stabilize rent costs in an area.

      TL;DR: Once again, a cool thing is made less cool by the profit motive.