View Single Post
  #12  
Old Posted Mar 15, 2006, 3:42 AM
mhays mhays is offline
Never Dell
 
Join Date: Jul 2001
Posts: 19,748
Quote:
Originally Posted by Patrick
Approved means they passed the city council and they said yes. So it probably will happen.
Getting a land use permit is easy.

The main killer of projects is a little detail called "market conditions". In LV the market conditions have turned negative for many projects, and they'll get worse.

The business media has been all over LV's plight -- Wall Street Journal, ENR, etc. Conventional wisdom has it that maybe 1/4 of LV's condo towers will get built anytime soon. A massive increase in construction prices is a key culprit.
Reply With Quote