Tuesday, December 16, 2008

Daily Herald | Lindenhurst Village Green project still alive but delayed

Daily Herald | Lindenhurst Village Green project still alive but delayed: "The vacant, 52-acre Village Green retail center in Lindenhurst is symbolic of the country's recession - loaded with potential but sitting idle for now.

Citing the current economy, developer Oliver McMillan and village officials have pushed back their estimated completion time for the site's 450,000-square-foot retail development until sometime in 2011. Earlier projections hoped the doors would open in spring 2010."

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Hard to build when credit is tight because banks are in trouble, developers are hurting because the market is dead, and cities are (see below) cutting everywhere.

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