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Town Square

No Derry project without state funds?

Original post made on Mar 10, 2008

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

Comments

Posted by Jeremy, a resident of Menlo Park: Downtown
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.