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Posted by: Justin - 12/11/2007 5:25:05 AM
Channel 2 News (KTVN) reported yesterday that SilverStar Communities was holding off on construction of Grant's Landing until next Spring due to the housing market. This project was mentioned as part of a discussion relating to the city allowing developers to hold-off on housing/construction projects (something the RGJ also covered), until the market picks up. The developer doesn't have to do any site improvements other than a slight cleanup of the area and covering the mounds of dirt due to dust control. Going off SilverStar's track record, I am confident Grant's Landing will get built in 2008 & 2009. Still, I don't quite like the visual of a bunch of covered dirt piles and chain link fence all over town. I know that the issuance of building permits create revenue and jobs, but maybe it's time to think of a freeze on certain new construction permits until the market picks up? Otherwise, we could run into more situations like McCarran & South Virginia Street (near Meadowood). Remember when they were going to build a mutli-story high-end office building there, but the developer went bankrupt? It took forever to get the site cleaned up and even now, six years later it doesn't look as good as it did before and there still is no office building.