Quote:
Originally Posted by brooke
Dude, you should read the proposal. I think anyone would be more qualified than the proposer to determine sustainability of the project. Banks often err...suburban abandoned strip malls are testament to that. Call me crazy for not wanting one of those where I live.
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It may well be that this proposal is not. I'm not clear what banks making errors has to do with anything. there is no such thing as guarantees. east's reply is funny, but doesn't really say anything. that's how most snide comments work. What is the FNA's record? what is "sustainable" isn't a hotel easilyu converted into apartments? how does the FNA know there is no market for hotels? why is the FNA more qualified than a bank? you'e pointed out that banks make mistakes but you haven't shown that the FNA doesn't make mistakes or even that they represent majority interest. Banks finance lots of things, suburban strip malls (most of which are not abandoned in the Philadelphia area) as well as urban projects. that's really besides the point. If I wanted to lend money to a project, would I trust Beneficial or some community group?