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Unless that private money is Warren Buffett's, there is no way in the world Morgantown's development will ever be "first class". It's already terrible...you'd have to have these venture capitalists fix the entire 705/WWR/Stewartstown/I-68 interchange area out of the kindness of their hearts...
" The Square at Falling Run project was days away from securing the necessary funding to continue construction on phase two of the project when the United States was hit by the current economic crisis. The firm had secured 20 percent of the $200 million needed for the project, the minimum amount required by most financial institutions to finance a project prior to the credit crunch. National City, the financier of the Augusta on the Sqaure, made a verbal commitment to The Square at Falling Run, LLC, saying it would finance the remaining 80 percent, or $160 million, of phase two.“Prior to black Monday, financiers were ready to move,” said Kris Warner, chief financial officer for The Square at Falling Run LLC. Since the crunch, financial institutions require at least 30 to35 percent of the funds up front to consider financing a project, leaving e Square at Falling Run LLC in need of approximately $20 million to be considered by any financier. But there has been another holdup. PNC is in the process of acquiring National City Bank, therefore any monies promised to The Square at Falling Run by National City are no longer promised by PNC."
Morgantown has two fine gentlemen with 6 billion dollars...they are locals who have done well.
They are the prime private investors in this great city.
no comment on Mr. Wa*ner...or his project, other than the one given.
Morgantown has two fine gentlemen with 6 billion dollars...they are locals who have done well.
They are the prime private investors in this great city.
no comment on Mr. Wa*ner...or his project, other than the one given.
And they are going to just give the DOH a few billion to fix the mess over in the Western side of town? Really?
No, they are not in the highway business at all...they are in the hospital business.
Our highways should be done by the government, but they do not seem to be very interested.
If the highway people could send a team of highway engineers to Portland, Oregon for a few weeks, they would see what could be done to make Morgantown workable.
Portland is divided by the Willamette River (about the size of the Mon). Overhead skyways 6 lanes wide take the traffic overhead and move it effortlessly around and away from the city. It also gives a wonderful Disneyland view or that city and its great buildings and river front.
These concrete roads are panelized and suspended on concrete pillars. Right of ways are almost not needed.
It's a model that should be imitated here as it is functional, cheap to build, and astetically beautiful.
Charleston has a smattering of this, but theres is too big and does not blend into the valley...all a person can see is concrete highway.
I agree with Mr. Kennedy, but Charleston's problem is that they need the large structure because there is no other room in the valley.
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