Quote:
Originally Posted by Hamilton
As far as St Peter's, I know two people very close to the board of St Peter's. That project is dead and buried, according to them. Stick a fork in it! It couldn't get financing. Between the parking, the movie theater, the workforce housing, the distance from the PATH, etc it was way too ambitious. They would need huge rents to make it worthwhile.
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Sorry to hear that, but wish officials could just admit it instead of hushing up or getting agitated when it gets publicly brought up. We DO need more housing options for college students, and maybe a trolley or something like that to serve areas of the Montgomery Street corridor going up to Journal Square would be a viable option as more development goes up. Hopefully those two other nice midsize projects CIA was posting about have better outcomes.