From Dream to Possible Demolition: The Highest and Best Use of Houston's Compaq Center.

Valuation Insights & PerspectivesVol. 6 Nbr. 3, June 2001

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From Dream to Possible Demolition: The Highest and Best Use of Houston's Compaq Center.

What's next for Houston's Compaq Center: continued use as a municipal sports and entertainment arena, conversion to an international religious center or demolition for redevelopment? What should be a question of highest and best use has become a legal conundrum.

In the 1960s, the late Houston developer Kenneth Schnitzer of Century Development laid out plans for an activity center five miles west of the central business district. Today, Greenway Plaza continues to be one of the most successful mixed-use developments in the ci...

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