The Risks of Buying a Parking Lot

St. Louis' Children's Museum is a major attraction in downtown St. Louis, but 88% of the parking demand for this lot was a direct result of the museum. The city just went through one of the biggest economic booms that we've seen for decades and there wasn't a lot of cranes in here. And so if something were happening with parking, you know, what does plan be? If it doesn't look like there's a lot of economic development happening in downtown, then what the hell are we going to do with the surface lot?! It becomes not a worthless piece of asphalt, but definitely not probably anywhere near what we had paid for.

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