Comment 205

By jason (registered) | Posted None at

I hear you. I agree about the way things have developed in this city over the years, but these announcements are different in a couple of ways - a. the city isn't on the hook for any money. if a developer walks away, he gets nothing. In fact, none of the loan money is given to a developer until the project is completed. b. there has been huge response to this loan program. so much so, that they had to turn down several projects and limit it to these 14. All of these projects are far along in the planning and development stage that it would be unlikely to see too many stall. I'm sure the odd one will, but most seem to be going ahead. And if some don't, that simply frees up their loan money to be offered to one of the many other projects that applied.

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