Quote:
Originally Posted by someone123
Yeah, the boardwalk extension does not mean that the rest of the project will proceed immediately.
That being said, there's a lot of doubt right now about every project that does not have financing already. We just have to wait and see.. nobody really knows what things will look like for the duration of 2009.
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Thats the sad reality of what we are facing in this day in age. These problems (financing) were a being faced during the 1st & 2nd qtr of 2008, and now have gotten very tough.
I would expect that close to 90% of the proposed projects which wish to start in 2009 will be held till things get better. There is at least some positive news for the ones with development agreements in that as soon as its possible they will start, albeit there development agreements are not short term agreements.