[sh9730]

PhxSuns -

Though Im by no means "expert" in this field - you must remember the MAIN investors in this project are Chinese nationals and at least 1/3 of the spaces at this project will go to Chinese vendors - there is a HUGE cost savings to companies that buy products from Chinese vendors to stay in the USA rather than have to go to Hong Kong or mainland China to make deals as they do now...

These Chinese vendors are looking for ways to get there products even more available to USA buyers than they already are....this is one option.

Of course the "buying of an immigration Visa" component of this investment is also attractive to many wealthy Chinese.

Its a gamble on their part no doubt - but the developers of this project are the same people that did the Chinese cultural center in downtown Phoenix so they are not unsophisticated....

P S - although nowhere near the Boom times of 7 years ago - building permits in CG are UP again this year quite a bit - as well as some new apts and mobile home parks (nice ones) that are filling quickly. There are gains in employment from some of our larger employers (Hexcel Corp - 100 new this year - a new Yogurt manufacturing facility being built which will employ 300 or so eventually etc...)