Below is a quote from the Biz Journal's article that I found interesting. The article recognizes Mack Pike and Sutton's limitations in terms of providing financing and suggests that it is all up to McCourt and crew to find the dough to build. It also discusses the lack of known financing for the Independent project. This is one of the few times I have ever seen any skepticism in local reporting of proposed developments. I wonder whether the local press is finally starting to take a harder look at developer press releases and statements. I think the McCourt group might soon start demolishing the rest of the buildings on their parcels, if for no other reason than to quell doubts and keep interest in this project alive. I don't look for a real construction start for another year or longer.
" During robust economic times, developments are paraded before the public with great fanfare — and then some of them quietly disappear when the economic cycle heads downward and the channels for capital retract. Whether the Waller Creek project and The Independent ever get built is anyone’s guess"
Last edited by austlar1; May 6, 2015 at 8:26 PM.
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