Quote:
Originally Posted by StEC
Is it just me or does it seem a handful of projects have stalled and new proposals have slowed to a trickle the last year? We had a flurry of proposals and construction starts the last 5 years but it seems all the buzz has gone dormant.
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How much is this just the nature of the business? Hamilton has only recently reached a point where there's enough momentum and reason to believe development prospects are positive. The stalled LRT decision didn't help either, for the core or major redevelopments along the route (e.g., Eastgate, Main W.)
matt602 noted skepticism about financing from banks. This has been an issue downtown for a long, long time. I too think that's changing, and it's becoming more about the individual developers (i.e., the Stinsons of the world) for the lenders rather than the downtown and other parts of the city being no-go zones for financing large residential projects that are not single-family homes and townhouse complexes.