Wednesday, March 5, 2008

Junction Construction Schedule

Recent news about Midtown's financing problem with the proposed 14-story hotel/waterpark facility to be located at 23rd and Washington Ave. may be a sign of things to come in the near future. According to recent articles (see http://globaleconomicanalysis.blogspot.com/2008/03/commercial-slowdown-disaster-for-jobs.html)


The ramp up and completion process for the Junction project may be stretched out over a longer period of time due to the financing constraints. This has nothing to do with the project itself, rather it is a problem facing every commercial developer lately.

What this slowdown in financing does is lengthen the time that the window of opportunity is open to invest at a reasonable value in Ogden. I believe that once the project is completed there will be a significant runup in value in the surrounding area. So I would encourage more investment in residential real estate as financing for such is avialable.

No comments: