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December 17, 2008
More Forest City Delays
KFSN, ABC
Fresno, CA, USA (KFSN) -- A plan to revitalize a large part of Downtown Fresno is being delayed ... again.
The 100 million dollar South Stadium Project covers eighty-five acres south of Chukchansi Park. Plans call for a multi screen movie theater, apartments and retail stores but in the last few years there have been several obstacles and setbacks.
The developer wanted a one year extension so it could continue working exclusively with the city of Fresno but the council amended that request to six months in hopes of finally getting the ball rolling.
Forest City Enterprises burst onto the Fresno scene with grand promises of revitalizing the city's lackluster downtown with retail stores and housing. That was four years ago and there has yet to be a single shovel break ground. Tuesday Forest City asked the Fresno City Council for a six month extension to work out its plan. It would be their third extension, which prevents the city from talking with other developers.
Posted by lumi at December 17, 2008 4:34 AM