“The ball’s in the bank’s court,” Updyke said. “It is difficult to predict what will happen next. If bank financing is not available, we might look at putting together an investment group.”
The two young entrepreneurs want to develop a rather old property in the downtown location….I remember from years ago. That’s OK to a degree. The issue is “to develop into what” and a plan to achieve the end result. The Mlive writer tends to look at every idea that comes along as the answer to Muskegon’s redevelopment. The economic folks are anxious….the community is anxious.
A project should be solid and compelling. Businesses need ball control….not turnover the ball to the bank. Make the project a lay-up rather than a 3-pointer try.