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January 26, 2007
Building Some Momentum
Investor's Business Daily
MARILYN ALVA looks at the risks of being a developer, using many examples from Forest City Ratner.
It's not easy being a developer, even if you have deep pockets. (Forest City reported $1.2 billion in sales last year.)Upfront costs are huge. They can involve traffic surveys, environmental impact studies and other items to appease planning and zoning boards, government agencies and local watchdogs.
If your eyes aren't too wet yet from weeping over the plight of the developer, read on to more perils!
Overdevelopment is always a risk, as lessons from the housing market teach.
Or as lessons from Metrotech should have taught.
Posted by amy at January 26, 2007 10:02 PM