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Superstar
Member Bio
- Joined
- Jan 13, 2008
- Messages
- 19,334
- Reaction score
- 27,261
- Location
- St Lawrence Market Area
I think there are two quite separate issues: One is the actual development which some people here love and others are not 100% on board for a variety of reasons. That's very normal and the way things are. The second problem is the financing for the project and this is a topic seldom mentioned around here except where there are problems. There is clearly a financing problem here and it seems unlikely it will not affect the building if it leads to 'cheapening' or a forced sale to another developer.So many people here are willing to crap all over this developer with little to no knowledge of what's going on behind the scenes. This project is a highend and complex build in a challenging location going up at the same time we've been going through a pandemic and now global economic slowdown. Anybody who thought this tower would rise at a typical pace is a little out of touch with the reality of what's involved with a project of this scale.