Recession Puts Plano Redevelopment On Pause

DFW NBC News

June 26, 2009

The city of Plano had major plans to develop an area near downtown, but the recession has put a wrench in its plans.

Developers had planned to create a mixed-use building that would house 230 apartments and15,000 square feet of retail space just steps away from the Downtown Plano Dart Rail Station, but plans to build it have been postponed.

"The problem has been the availability of capital for new development. All developers are suffering from that lack finance," said Plano's Deputy City Manager, Frank Turner.

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