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Brewer Made $286,549 on Just One Parking Lot Owned By City Brewer Made $286,549 on Just One Parking Lot Owned By City
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  #51 (permalink)  
Old 01-31-2008, 06:43 PM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
But he is not helping his long-term profit potential by running people out of Bricktown and sitting on his buildings.
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  #52 (permalink)  
Old 01-31-2008, 07:42 PM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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Originally Posted by jbrown84 View Post
But he is not helping his long-term profit potential by running people out of Bricktown and sitting on his buildings.
Totally an aside here....

Jbrown, every time I see your avatar I think of the Texas School Book Depository building. Looking up from the limousine.
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Old 01-31-2008, 08:08 PM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
I agree with jbrown.....he could make so much more money if he fixed up his buildings, lowered his rents, and lowered his parking charges. Why? Because it would attract more people to Bricktown, who currently aren't willing to pay the price to park.
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Old 02-01-2008, 10:10 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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Totally an aside here....

Jbrown, every time I see your avatar I think of the Texas School Book Depository building. Looking up from the limousine.
That's the Court Plaza building at Harvey and Kerr.
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Old 02-03-2008, 03:36 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
free tuesday's are still going on however most restaurants dont pay their bill............amazing how you try to help and get nothing in return.
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Old 02-03-2008, 11:30 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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Originally Posted by Patrick View Post
I agree with jbrown.....he could make so much more money if he fixed up his buildings, lowered his rents, and lowered his parking charges. Why? Because it would attract more people to Bricktown, who currently aren't willing to pay the price to park.
On the weekends, his parking lots are completely full. How exactly would he make more money by lowering the rates?

There's a finite amount of good parking in Bricktown. He seems to be charging what the market will bare.

The rents are another issue entirely. Of course, it may be those rents keeping chains like Chili's from opening up in Bricktown.
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Old 02-10-2008, 12:41 PM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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Originally Posted by johnnyboyokc View Post
free tuesday's are still going on however most restaurants dont pay their bill............amazing how you try to help and get nothing in return.
Johnnyboy:

Wait a minute. When your father and Jim Cowan held their "press conference" last summer, they announced "free parking" on Tuesday nights. But if you were simply shifting the costs on to Bricktown merchants, then it wasn't "free" after all, was it?
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Old 02-11-2008, 01:49 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
its all about working together........However the parking lots are taking the same loss while they are gaining a ten dollar meal or better...........
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Old 02-11-2008, 01:52 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
the lots are full every weekend............wow must mean restaurants are too........
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Old 03-14-2008, 12:41 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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The people of Oklahoma City invested in downtown, which is why Bricktown and the surrounding areas are thriving. Brewer simply saw a golden opportunity to make the most out of that investment. One can argue that Jim truly wants what's best for Bricktown, but when you penetrate the smoke screen you'll notice that his interest in seeing the area succeed is merely for personal gain. For example: A nice parking garage would be great for the area, but that would cost too much money for Brewer. First he would have to construct the garage, then he'd lose out on all of the revenue he would generate with parking lots. He's all about the supply and demand. Result: Plenty of surface parking and a story coming out about extra money being pocketed.

Now, does Brewer have an interest in seeing Bricktown succeed? Yes, he does. But you have to ask yourself why. When you put the pieces of the puzzle together, you'll see he's concerned about the financial aspect of it all and not about making Bricktown a better place.

That is our free-market society at it's finest. Would you rather a system where nobody can make money off of their capital investments? Sure we all pitched in to make Bricktown, but this guy had the foresight to own property there before we did.
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Old 03-22-2008, 10:02 PM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
What you're describing isn't a free-market society. In a true free-market society, government wouldn't have stepped in with a program to boost visitor traffic, and therefore property values, in Bricktown.

I'm not arguing that the city should have or shouldn't have – just pointing out that this isn't 'free market.'
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Old 03-24-2008, 01:57 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
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That is our free-market society at it's finest. Would you rather a system where nobody can make money off of their capital investments? Sure we all pitched in to make Bricktown, but this guy had the foresight to own property there before we did.

Bricktown would be NOTHING without the Bricktown Canal, Bricktown Ballpark, and the Ford Center, all of which were paid for by the citizens of OKC. It were the investments of the citizens that catapulted Bricktown to what it is today. Brewer simply sat on land before the improvements just like he does now.
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Old 03-24-2008, 11:48 AM
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Default Re: Brewer Made $286,549 on Just One Parking Lot Owned By City
I spent several days in LA last week, and I have to point out something.

NOWHERE did we pay more than $6 dollars to park. The Grove shopping center (Hogan's supposed inspiration for LB) gave you the first hour free. Parking garages at RODEO DRIVE, of all places, gave you the first 2 hours free.
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