How are your mutual funds and stocks doing these days? Makes a person wonder who or what bank would loan money to finance new construction of 350 town houses that start (allegedly) at $200k.
It could mean the developer gets permission and just enough money, then fails to finish the job. The result would be an empty construction site and a torn up environment in the township. So West Penn gets to be known as that township with that disaster off the Ritner Highway. Yeah, let's go live over there.
Existing property values take a further hit because of the development. Don't be fooled!!
We need to do something about it.
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