Oct
01

Economic Downturn May Delay Easley Town Center’s Completion

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Work on center proceeds — but slowly

September 30, 2008

By Amy Clarke – Pickens County News

Passersby may not see much in the mounds of dirt at the former Saco Lowell plant site, but developers said progress is still being made on the future Easley Town Center despite troubling economic times.

“Though the environment has gotten a little more difficult, we’re still moving forward,” said David Scarnati, director of development for Cedarwood Development Inc.

The group broke ground in March on the 120-acre site of the former plant along U.S. 123 in Easley and projected a completion date in spring 2009. Scarnati said there has been some slowdown in the development but wouldn’t say when construction is now expected to be finished.

“I think everybody’s seeing a partial slowdown, and I think it’s just indicative of what’s happening in the financial markets right now,” he said. “We’ve just been fortunate here to continue to have the support of the retailers of the center and have the ability to keep the project on track.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.greenvilleonline.com/apps/pbcs.dll/article?AID=/20080930/PCN/809300343/1004/NEWS01

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