South DaCola

The real reason the ‘Uptown’ project has been delayed

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Image; KELO-TV

Looks like someone from the Uptown project let the cat out of the bag;

“The next step is really figuring out where they go. Where those contaminated soils go in a way that’s environmentally friendly,” Fleming said.

Developers are working with local and state officials to resolve those issues, but building the Arches is also being held up by the ailing economy.

“We did have two tenants who decided to hold off a little bit due to the economy,” Fleming said.

I have a funny feeling this is more about the economy and not the contaminants. I think the development group used that as an excuse to hold off buying the land. I can guarantee, if they had enough tenants interested in the property, they would have bought and cleaned up that land a long time ago. As I reported a few months back, business development value is half of what it was last year. Contaminated dirt, yeah right. And the city taxpayers are left holding the bag, once again.

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