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Forum (Forum & Focus)

Nov. 25, 2008

Stunting Growth

Developers are dealing with how to keep land use entitlements alive and viable while waiting for a financially appropriate time to proceed with construction of already approved projects, write Linda Bozung and Joshua Roth. - Forum Column

FORUM COLUMN

By Linda Bozung and Joshua Roth

Frozen credit markets and a worldwide economic slowdown have halted the California real estate boom. A year ago, ambitious commercial, residential, retail and industrial projects were slated for construction throughout the state. Today, near-term progress on many of these developments appears unlikely. In addition to mounting foreclosures, downwardly spiraling prices, steep job losses and a freeze on av...

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