Quote:
Originally Posted by Larry King
1. this looks like a typical pie in the sky proposal put together by a lender and developer friend to flip the land. 2. is gov wolf really cutting checks for development projects? I know rendell used to.. corbett ended it, where does wolf stand?
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I don't think Corbett ended it, he just reduced it. One of the articles said that of $1B requested in 2014, $200M got funded.
Doesn't seem to be a good use of taxpayer funds to create more multifamily / retail projects when these are getting done without anyway. I believe the program was originally intended for projects w/ significant job creation (e.g., Augusta helicopter plant).