Thursday, June 30, 2016

Edgewater Resources failed to meet the city's deadline to secure financing. That project is dead.

That's right.
The development featuring a hotel, condos and boutiques at the Port of Rochester always hinged on Edgewater Resources securing the funding to complete the project. That was always stated by the city.
The Charlatans were too busy working themselves into a frenzy the last few years to be able to remember that.
They were having too much fun making asses of themselves to come up with a development plan of their own.
Today, when Edgewater asked for an additional nine months to secure funding, the city said "no."
That spells an end to this particular development plan, but it does not mean there is an end for plans to develop Charlotte.
The city will seek other development partners to redecorate the Port of Rochester, preferably partners with enough money to see it through.
The Charlatans ought to remember that if they are getting festive tonight.
It isn't over yet, not by a long shot.

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