My guess is that dale and Rick told the government that they were not allowed to, because they don’t want anything that creates downward pressure on housing prices.
teambob on
At least it seems they will turn it into housing, just not affordable housing
Shibwho on
The article said that the Wesley couldn’t raise enough capital to meet the federal funding requirements.
It’s damn expensive to retrofit an old building to meet today’s National Construction Code so it’s not surprising this deal fell through without more cash being sunk into the project which the Wesley doesn’t have apparently.
El_dorado_au on
>Â The building was shut down soon after an elderly man fell from a balcony to his death in 2010.
Is this a case of one bad incident leading to a whole truckload of problems being found in the building?
4 Comments
My guess is that dale and Rick told the government that they were not allowed to, because they don’t want anything that creates downward pressure on housing prices.
At least it seems they will turn it into housing, just not affordable housing
The article said that the Wesley couldn’t raise enough capital to meet the federal funding requirements.
It’s damn expensive to retrofit an old building to meet today’s National Construction Code so it’s not surprising this deal fell through without more cash being sunk into the project which the Wesley doesn’t have apparently.
>Â The building was shut down soon after an elderly man fell from a balcony to his death in 2010.
Is this a case of one bad incident leading to a whole truckload of problems being found in the building?