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Originally Posted by Snuffleupagus
Does he say who these private investors are with 3 billion to spend?
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Well it comes from developers, but it's kind of misleading because it's about being 'built-out' and while they know what that looks like and how much money would need to be invested to get there, it's not like this is a project you just say "go" and the builders move in and are in a race to get everything finished. The East Village isn't even built out yet and this is more the continuation of that. You're probably not looking at being built out for another decade or so even if projects get going soon. There are timelines and ROIs to be considered, but now that CMLC is running things instead of the Stampede, the likelihood of actually getting going with it is much, much higher.