Quote:
Originally Posted by Chopper
The developer that was going to build 400 rental units at the northeast corner of 466A & 462 has declared bankruptcy! Might be a long time before anything is developed on the property. Read about it on that other website.
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Developer's file bankruptcy all the time. Big ones and small ones leave a lot of vendors and investors "holding the empty bag". WholeLife Development was proposing, as part of their project, 400 rental bungalows. That seemed like a bad idea from the word go and some of us thought so on the original thread when the project was first announced.
It appears that Wildwood Commisiioners didn't do their due diligence when approving the WholeLife Development project. Hopefully, they will get better results the next time around. Though it could be a while before they get another chance.
If Wildwood Commisiioners had gone with The Village Developer's proposal, they certainly would have come up with different results.