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beta_vulgaris t1_j48cl8o wrote

Reply to comment by Proof-Variation7005 in Share your opinion about Fane Tower by quinntronix

Almost every single plot of 195 land has buildings in the planning stages or already completed. Several buildings were proposed, funded, and built on the 195 land since this building was first proposed. The developer has owned the parcel for years and has had the green light to build for years. He doesn’t have the funding. As building costs & interests rates rise, he just keeps dumbing down the design and pretending he will somehow be able to fund this next version. The developer is unreliable and the 195 commission should put the parcel back on the market so someone with a serious proposal can build there.

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Proof-Variation7005 t1_j48ew54 wrote

>The developer has owned the parcel for years and has had the green light to build for years.

This sentence is great because it has two lies in it. Neither of those things are remotely true. Just pure unadulterated fiction.

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beta_vulgaris t1_j48hq9v wrote

He’s had the option to buy the land since 2018, I can’t confirm he ever closed the deal, so fair point, maybe he doesn’t actually own it yet but the land has been set aside for him & only him to buy for years.

The last official hurdle at the RI Supreme Court was cleared last year to start construction

At this point, the ball is in his court. Build the building or let someone who is serious about building buy it.

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Proof-Variation7005 t1_j48kzke wrote

He's never had the option to buy until the project was fully approved. A legal battle over zoning was started like 5 years ago and took until last Summer to be resolved. It's worth noting that suit was financed by competing property owners.

By that point, yes, a fuckton has changed about the cost of literally everything, so they went for a redesign that still needs formal approval before the sale happens.

At no point has there ever been a point where construction could have started and there's really nothing to suggest funding the project is a hurdle beyond the developer not wanting to go above the 300ish million price tag.

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Dextrous456 t1_j4b3r7c wrote

Which competing property owners? Do you have proof of that?

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