With a Jumbotron for witty banter.
seriously tho are there any consequences for mothballing a project like this?
SAV-MOR Site Lab Building | 15 McGrath Highway | Somerville
- Thread starter Equilibria
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seriously tho are there any consequences for mothballing a project like this?
Charlie_mta
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How about residential? It's a short walk to the GL.
stellarfun
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Legal consequences? No.
Financial consequences? Yes, but only to the developer. If they had a tenant -- which they don't -- then the financial consequences might be greater.
The developer will be required to secure the site, and probably drain any standing water.
So theres no incentive for them to do anything other than maintain their hole in the ground?
They move out businesses and put in a hole and then just figure the markets not right, hole it is!
This kinda crap really annoys me and seems to happen around the less desirable parts of Somerville way too often.