Real Estate/Development
May 7, 2010
Another Agency to Rain on Your Parade
Kristina Lawson of Miller Starr & Regalia says the unprecedented global crisis has dried up financing for development projects, preventing even motivated players from pursuing project entitlements.
It is no secret that development projects throughout the state have been stalled for several years. The unprecedented global credit crisis dried up financing for development projects, and prevented even motivated owners and developers from pursuing necessary local, state, and federal project entitlements. While the state Legislature appears to have been receptive to the real estate industry's request to extend the life of cer...
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