Quote:
Originally Posted by RonnieFoos
Went by Derby and it looks like the lot has been gravel-filled and they appear to be preparing to rebuild the sidewalks. I'm wondering if this means Derby is on hold or cancelled due to the lawsuit?
Correct me if I'm wrong, but they wouldn't be building sidewalks first before building a highrise, right?  |
Doesn't make sense to me. Why would they not just halt work? Why would they build the sidewalks and fill the hole, spending more money to do so. You could say they are giving up on the project, but I doubt it's that easy. The money they have already invested is significant. I doubt they be able to sell the land profitability now know that the neighbor is going to object to anything that is build next door which requires enough density to justify the price of the land.
Then again, I think we've I'll learned here, some of the developers are less than genius and don't often make the best decisions.