Mall redevelopments languish as financing remains tight

11/8/2010 | Washington Post, The

A stalled mall redevelopment project in Maryland has become a mirror of the recession's continued effect on real estate. California-based Somera Capital Management has watched its planned redevelopment of Laurel Mall languish for three years as financing remains nil. The project's delays have threatened the nearly $16 million in tax increment financing the Laurel City Council approved for the project.

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