As long as the projects are privately financed and the structure marries well with the area, build away.
If the buying market can not support it, the debt holders take the hit. Meanwhile, a better use likely presents itself and someone else, hopefully someone else than the original developer, comes in to acquire the assets at less than cost. The new investor learns from another's failure. Of course, if the market supports the project. Well then the developers were right and the skeptics were wrong. All that said, the number of high-end condos, built and planned, in and around the downtown area is indeed surprising to me. Jason S. Harrison REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
