What you're failing to tell people is how neglected The Produce Terminal was by the URA before McCaffrey came in with all his promises. I doubt you actually stepped foot in there when it was a market. (Hint: it was a shithole)

So stop saying that it just failed. It couldn't attract businesses then because it was a bad investment for those businesses. It's a bad investment now because it's hilariously overpriced because the URA has a shitty history of going with developers who just want to gouge or take advantage of the older low costs to flip and sell.

Pre-redevelopment, the whole thing was setup to fail and be easy to shutter once a developer signed on to the project.

The building was falling into disrepair, the URA only offered month-to-month leases (not sure for how long it was, but the URA ran the building since the 1980s). So really, how does any business make at least a yearly plan or multi-year plan if the URA is going to suddenly not allow a lease renewal and you have to move your business?

Only parts of the building were open, probably only the parts that were structurally sound, so that if part of the building did collapse, nobody would be killed.

The whole thing was a joke 10+ years ago. That's why it failed.

u/PGHENGR

Thank you!!! Came here to say the same thing.