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| Replacing the image of the proposed tower |
Symbolizing the toll that the Great Recession has taken, the lease sign advertising the Augustine Energy Center in downtown Anchorage has been taken down after four years. It has been replaced with a generic sign from the developer advertising that just about anything can be built on the site now. It is henceforth to be known as the tower that never was. The Augustine Energy Center was to be a 21-story tower built on the corner of 6th and G Street, which is currently a surface parking lot and formerly the home of the Alaska Experience Theater (as noted in the previous post). In fact it's safe to say the theater was knocked down back in 2007 in anticipation that the tower would soon be built while a surface parking lot would act as temporary revenue. Those mid-2000's were good economic times after all, but the Augustine Center had the misfortune of having its blueprints drawn on the eve of economic destruction. Now I can't personally say that the economy is the sole reason for Pfeffer Development to pull the proposed tower as that has not been stated yet, but being that this project surfaced in 2008 of all years... Augustine Center is not the only project in downtown to have construction be eminent back in 2008 only for it to be cancelled.
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| Artist rendering of the building. |
