Financing is the primary issue regarding lenders and institutions. Some of these projects may never materialize at all or will not materialize for an extended period of time, depending on whether we begin to see an easing of lender restrictions and some real economic growth and not false "greenshoots". The truth is that we are anticipating many more job losses and increases in unemployment and corresponding defaults and foreclosures with no end in sight. Until we see these numbers stemmed not by regulatory or artificial means, but by real supply and demand, we will continue to see major slowdowns and outright halts in building projects and developments. It will all be very interesting to see where we are 6 months down the road.

Funding is the major issue of course. Lenders are SO concerned about loan default. It's my understanding that Marina Dunes, which is the area around the new Commercial district with REI and Target, will likely be the first to build new homes. The city of Marina is trying to help financially.

Cypress Knolls, the senior project that was to be built near the high school, is suing the city of Marina to recover the investment they made in road construction.