tag:blogger.com,1999:blog-6621691715090523319.post5318815153249141019..comments2023-10-08T04:12:46.273-05:00Comments on The Political Environment: Pabst Farm Shopping Mall Interchange Project Fee Of Just 7% Looking Even SweeterJames Rowenhttp://www.blogger.com/profile/10203270946492159686noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6621691715090523319.post-32678474196086730212008-08-13T10:27:00.000-05:002008-08-13T10:27:00.000-05:00Thanks for keeping track of this development Jim.I...Thanks for keeping track of this development Jim.<BR/><BR/>It's truly sprawl at its finest, if we build this interchange for them I'm sure more lots will sell (as people jump from one subdivision to another).<BR/><BR/>The whole thing is absurd and rather depressing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6621691715090523319.post-41921062369353640452008-08-13T08:56:00.000-05:002008-08-13T08:56:00.000-05:00Pabst Farms developers could hardly come up with ...Pabst Farms developers could hardly come up with more than pocket change to throw into the pot of money needed for an I-94 interchange at Sawyer Road. A 7% assessment would likely deplete their working capital. This development looks more and more like deja vu, recalls the smoke and mirrors Francis Schroedel and Rainbow Springs fifty years ago.<BR/><BR/>They don't need an interchange; they need (desperately need) people to buy lots, they need commercial tenants. They need the cash to pave streets and put in utilities. <BR/><BR/>Next chance you get while driving past Oconomowoc (get off I-94 at Sawyer Rd. or Hwy. 67) take a spin through the desolate unfinished projects at PF.<BR/><BR/>The two really big chunks of the development, Phase II (Eastlake Village) and Phase III (Interlaken Village) of the single-family housing cannot even be located. The developers have removed the self-mocking "Coming Soon" signs that were beginning to fade in the sun. And the whole of those two bigger,later phases is planted with corn and soybeans.<BR/><BR/>We would do well to put Pabst Farm Developers on the spot: What is the likelihood of the housing that was planned ever coming into existence? What is the likelihood of the Regional Mall ever being developed? Are you sufficiently capitalized to survive a long wait? <BR/><BR/>A lot of public money will be at stake, depending on the answers. All the highway interchange money that hangs in the balance could (certainly should) be reprogrammed to address deferred maintenance on existing roads and development of better transportation plans, which means light rail.Jim Boumanhttps://www.blogger.com/profile/17211745461377043118noreply@blogger.com