Detailed text transcripts for TV channel - FOXNEWS - 20121212:23:35:00
Uncertainty. >> they are empty monument to bad economy. the developers have been left incomplete until they secure financing. they say the institutional construction lending has not bounced back from the 2008 economic crisis. >> they run out of money or combination of running low on money and not having enough sales where the condominium or co-op sales or the market for rentals doesn't appear to be strong enough to justify completion of the project. >> right now, the city says there are 691 star projects. number by 17%. half are 45% stalled since 2009. try and kick start construction, american...
Source: news source