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No Derry project without state funds?
Menlo Park, posted by Editor, The Almanac Online, on Mar 10, 2008 at 11:38 pm

The O'Brien Group, the San Mateo-based developer behind the Derry condo-commercial project proposed for downtown Menlo Park, says it needs state funding, or its 108-condo development may not get built.

Read the full story here Web Link posted Monday, March 10, 2008, 6:18 PM

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Posted by Jeremy, a resident of the Menlo Park: Downtown neighborhood, on Mar 10, 2008 at 11:38 pm

Wait, rising construction costs? Construction costs have been cliff diving during the past year, both materials and labor. This seems to be a weak appeal for some corporate welfare.

I am not naive to the challenges in today's housing market, but if we are to use state funds to bail out its victims, those funds would be better spent in other places.

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