Posted May 31, 2022, 2:39 AM
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Join Date: Mar 2018
Posts: 854
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I won't quote word for word what the article says because I know the TJ can be very stingy about that but here are the main points.
As a result of inflation, interest rates, and supply chain woes have pushed the original $40 million dollar price tag up an additional $8 million.
They are redesigning the project to accommodate for rising costs and to "be economical".
He insists on maintaining the mixed-use aspect and adds he has a couple of prospective tenants "who haven't walked away, but they're on hold".
As far as the timeline he was hesitant to make any commitments. "All we can do is hope for the best". Goes on to say how he'd like to be under construction right now and that as soon as there is stability he'll get things started.
Furthermore, he mentions sidewalks in the area will be reopened.
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