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December 6, 2009

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User profile: Chuck52

Joined: Sept. 2, 2008

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Total Comments: 2 (view all)

Posted on: Practice of building before designs are done hits wall at Fontainebleau

ConstWorker is correct in that almost all these projects were based on the premise that condo sales would finance a large part of the project's cost. As I recall, MGM stated at the beginning of City Center that the condo sales would finance 50% of the cost. That business model no longer functions. And with occupancy down, any new project is going to be swimming up stream to cover cost. Its sad, but with the exception of City Center, the smartest move would be to mothball unfinished projects until the market improves.

(Suggest removal) 6/29/09 at 12:47 p.m.

Posted on: Large businesses should provide for fair share of state’s needs

I live in Virginia and I have an idea. Why don't you tax the people who need the schools and services for which you need the funds? You're going to have to do it sooner or later. In the the distant past you had a "gambleing industrial park" that required little in the way of social services. Now you're swamped with familes that don't even gamble but have plenty of needs in the way of municipal services.

OR just tell the masses that you're not going to provide the services they desire. There's no free lunch, or free municipal services.

(Suggest removal) 9/2/08 at 4:48 p.m.

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