Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Profit margins have greatly expanded at the expense of wages, cost of materials, etc. Land cost was a much smaller percentage of the building cost back in 1900. In other words, all the efficiency gains in real estate are going to capital.
A "ho hum" building back then was built of steel, brick, masonry, and took many skilled craftsmen to custom design and create every ornamental feature.
Now? Land is expensive and developers want to build as cheap as possible. As much as possible is mass produced and standardized offsite. Buildings now are also much less maintenance intensive compared to the gorgeous buildings of 1900.
Capital demands its outsized returns.
Interesting. What about, for example, the disgusting Penn Station in NYC. It's something The Times has written about needing to be replaced for years. So, no real estate transaction necessary, as it would be built on same space. But it's never gone anywhere. It's just impossible to get anything impressive built. Everyone seems to just kick the can down the street, running the clock out until retirement.
The plan is to build it in the old Post Office there, which is not going to be that easy, I think. At least one transit expert thinks it is over designed.
Who is the transit expert?
Alon Levy.
https://pedestrianobservations.wordpress.com/?s=penn+station
Anonymous wrote:It is the same for schools. Schools built before 1960 were beautiful. Modern schools look like strip malls.
I think in the 60s, so much had to be built so fast due to the baby boom that people just forgot about aesthetics, and never went back.
Anonymous wrote:Anonymous wrote:I can't imagine anything like Union Station or Grand Central in NYC ever getting built again. So depressing.
Did they just not care about costs back then? It wasn't all FDR's New Deal.
Hmm. I've seen really massive, impressive airports. Then there is the Calatrave designed transit center in NY. And some incredible new highway bridges.
I think there are two things going on here. 1. Passenger railroads have not been a big deal since 1950 (that MAY be changing in the north east corridor) 2. The favored architectural style has changed - folks who love the old RR stations probably are not big fans of Saarinen (sp?) designed Dulles, or Calatrava designed transit center. Or for that matter the "brutalist" DC metro.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Profit margins have greatly expanded at the expense of wages, cost of materials, etc. Land cost was a much smaller percentage of the building cost back in 1900. In other words, all the efficiency gains in real estate are going to capital.
A "ho hum" building back then was built of steel, brick, masonry, and took many skilled craftsmen to custom design and create every ornamental feature.
Now? Land is expensive and developers want to build as cheap as possible. As much as possible is mass produced and standardized offsite. Buildings now are also much less maintenance intensive compared to the gorgeous buildings of 1900.
Capital demands its outsized returns.
Interesting. What about, for example, the disgusting Penn Station in NYC. It's something The Times has written about needing to be replaced for years. So, no real estate transaction necessary, as it would be built on same space. But it's never gone anywhere. It's just impossible to get anything impressive built. Everyone seems to just kick the can down the street, running the clock out until retirement.
The plan is to build it in the old Post Office there, which is not going to be that easy, I think. At least one transit expert thinks it is over designed.
Who is the transit expert?
Anonymous wrote:There's a design aesthetic issue as well. Depending on your sensibilities, the mid-century architectural aesthetic for public buildings is often described as "brutalism". Pretty sharp contrast to the types of art-deco buildings constructed earlier in the 20th Century.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Profit margins have greatly expanded at the expense of wages, cost of materials, etc. Land cost was a much smaller percentage of the building cost back in 1900. In other words, all the efficiency gains in real estate are going to capital.
A "ho hum" building back then was built of steel, brick, masonry, and took many skilled craftsmen to custom design and create every ornamental feature.
Now? Land is expensive and developers want to build as cheap as possible. As much as possible is mass produced and standardized offsite. Buildings now are also much less maintenance intensive compared to the gorgeous buildings of 1900.
Capital demands its outsized returns.
Interesting. What about, for example, the disgusting Penn Station in NYC. It's something The Times has written about needing to be replaced for years. So, no real estate transaction necessary, as it would be built on same space. But it's never gone anywhere. It's just impossible to get anything impressive built. Everyone seems to just kick the can down the street, running the clock out until retirement.
The plan is to build it in the old Post Office there, which is not going to be that easy, I think. At least one transit expert thinks it is over designed.
Anonymous wrote:We spend more on infrastructure now than we ever have. Costs are just so much higher than ever before, for many reasons. The Inter-county connector cost almost 2.6 billion dollars.
For another example the Hoover dam cost an inflation adjusted $825 million dollars.
Anonymous wrote:Lawyers. They make EVERYTHING more expensive, and take longer.
You know how many lawyers it takes to construct a huge public-funded project?
I don't. I don't know if anyone does.... but it's gotta be in the dozens.
Anonymous wrote:I can't imagine anything like Union Station or Grand Central in NYC ever getting built again. So depressing.
Did they just not care about costs back then? It wasn't all FDR's New Deal.
Anonymous wrote:We spend more on infrastructure now than we ever have. Costs are just so much higher than ever before, for many reasons. The Inter-county connector cost almost 2.6 billion dollars.
For another example the Hoover dam cost an inflation adjusted $825 million dollars.
The golden gate bridge cost an inflation adjusted 1.5 billion dollars, yet rebuilding just the east span of the Bay Bridge in San Francisco has already cost over 6.3 billion.