Tuesday, June 9, 2009

Stroudwater Place Faces Delays

Jason Snyder, the developer behind the $300 million
Stroudwater Place, says the recession has delayed the project by nine months to
a year as potential tenants are hesitant to commit to signing a lease. But he is
confident that the project will get back on track this fall. "It's a tough
economy, but come fall things will start to uptick," Snyder tells Mainebiz.
"That's what we're seeing, so you'll start to see things move around late fall.
But, in the meantime, it's a matter of staying the course."
- John C.L. Morgan

Related: Colgan: Before/After (January 29, 2009)
Related: What Say You, Magic 8-Ball? (January 6, 2009)
Related: Under a Rock Edition (December 9, 2009)

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