Quote:
Originally Posted by WhipperSnapper
A developer learning on the job fixing mistakes while progress is delayed doesn't exude confidence. That's the best way to scare investors but, by your rationale, this will lead to even more Baydo development? The chances of financing being pulled is only going up and the project being put on hiatus the longer the subterranean construction languishes in a learning curve. It only takes one major fuck up to end a run of successes as there's so many alternative places to invest in Canadian real estate.
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You have to understand that Baydo is not a typical developer. They are self-financed with money from China and have purchased several local trade contractors who now do work only for Baydo. So the usual concerns about investor confidence don’t apply. They do have a record of quite a few low rise stick frame residential developments, but both their Broadway project and this one are outside of their usual wheelhouse and seem to present many challenges for them.