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.
A Weber County, Utah based blog that keeps you informed on real estate and related subjects. For all your real estate needs contact Jeremy Peterson ~ Owner/Broker of Vesta Real Estate ~ 801-390-1480
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