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Originally Posted by flatlander
timetable's not unreasonable but look at the first item - complete land transaction. They're not even there yet. Don't believe it until you see the structure going in.
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This is the impression , I'm getting so, I will wait in eager anticipation.
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rypinion
hrmm, that's the complete opposite impression that i got from the pdf. The impression i get it that if it actually manages to happen it'll be years before we see anything.
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I was just reffering to the timetable released, citing 2014 in my 1st post before any tangible details on the proposed dev. will be released.As the land transaction is listed as happening between June of this year and May 2014, among other steps in the process. I agree this is a project that could take years before it even breaks ground.
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bdog
not being pessimistic at all. Just noting how large real estate transactions work. They put an option on the land, giving them time to do their due diligence before purchasing outright. That gives them several months to do geo-technical tests, market testing, line up large tenants, get planning approvals, etc. I don't think too many developers of large projects like this "buy land and ask questions later"...
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Very understandable in the process involved. I truly believe this is the case, but some previous posts are sure this is a no where near going through., and fortresss should not be trusted? As posted in one way or another, wait till shovels are in the ground.