On 6/6/11 3:46 PM, John Higdon wrote:
In ,
"David wrote:

... The only site I can think of that
might be suitable for residential conversion might by the King Road 1170
site, which is a horse pasture in the midst of cheesy apartments.

"The one" you mention was right square in the middle of some rapidly
expanding housing. It is now a mix of multi-family housing, light
industrial, retail, and even San Jose's main post office. In any event,
I can't think of a single site in the Bay Area that is comparable in
terms of development potential.


Explain 1550 then, John. The "new" KFRC towers are adjacent to 101, in
the shadow of the Oracle Campus, right near where Belmont, Redwood
Shores and San Mateo all meet. That seems like it would be some prime
real estate. Hell a big Mercedes dealershipship built their showroom
right next to that parcel.

Given that land's value and the pitiful ratings that 1550 gets with the
True Oldies Channel and the occasional overflow sports game, I have to
suspect that station would be worth more to CBS as real estate than as a
going concern.