OpelSmith t1_j63xkem wrote on January 27, 2023 at 3:22 PM

Reply to comment by johnsonutah in I-95 in CT ranks as most congested corridor in USA beating out LA; Merritt Parkway also makes top 10 by celticnutjob

Yeah I'm worried with the rise of interest rates they're just saying fuck it. Like the big hole in the ground at Elm/Orange in the heart of downtown. But the Colosseum site is finally going after years, so fingers crossed

Whaddaulookinat t1_j64360s wrote on January 27, 2023 at 3:59 PM

Generally, developers get dedicated lines of credit for those types of projects that are essentially shorter mortgages. So as long as they had the funding secured before the rate hike, and the line is still open, interest rate isn't too much of an issue.