Quote:
Originally Posted by RFPCME
Projects: I share the same bad feeling. There is something wrong with this project. Don't know what it is, but I suspect the project has hit a financing snag. How did this project get approved in the first place. Pardon my stupidity, but I assume in order to get demolition and building permits for the city there must be some financial statement that must be approved. How else would a city prohibit purely speculative development that may result in vacant eyesores for years to come. Does someone know the answer?  |
This is the talk among developers in the valley. A lot of us think this may sit vacant for a long time as the national and state economy continues slumping.
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