Submitted by quinntronix t3_10aumg4 in RhodeIsland
Proof-Variation7005 t1_j48ew54 wrote
Reply to comment by beta_vulgaris in Share your opinion about Fane Tower by quinntronix
>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.
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.
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.
Dextrous456 t1_j4b3r7c wrote
Which competing property owners? Do you have proof of that?
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