Bringing a Can-Do Portfolio to Rejuvenate the Cityscape

Summary


He wants to turn downtown's former AM&A's department store into a hotel, banquet center, food court and upscale apartment complex.

And he has his sights on the nearby Lafayette Hotel building, hoping to revitalize the faded landmark.

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Extract


Bringing a Can-Do Portfolio to Rejuvenate the Cityscape

Are Rocco R. Termini's visions for rehabilitating two icons in the central business district pie in the sky? Or do they stand a real chance of happening?

The developer is the first to acknowledge that his plans are still in their infancy and face hurdles -- including snaring financing that would require historic preservation tax credits and other public subsidies. The AM&A's project alone would cost an estimated $7...

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