Real Estate & Property Law

Recession Destroys Development

By Alan Ackerman

KMOX

WASHINGTON (AP) Women's rights advanced in 15 of the 18 countries in the Middle East and North Africa over the past five years, the democracy watchdog group Freedom House reported Wednesday.

The progress in jobs, education and politics, described as modest, overcame continuing resistance from religious and cultural elites, the study said.

    
What happens when the recession destroys development?
    
In St. Louis, the Paul McKee N. St. Louis plan has been ongoing in excess of a year.  The economic study contemplated development based upon 2007, rather than 2010 economics.
    
The issue will be whether the economics really support this project.  The answer may be if it was not for obtaining the government benefits, would someone look at a present development under its present terms?  In the alternative and in response, Mr. McKee may argue that he would have had money tied up for any development he was doing in 2007 to such an extent that the money would have been there now.  However, that may not be the reality of the present day economic marketplace. 
 

Full post as published by National Eminent Domain Blog on March 15, 2010 (boomark / email).