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Headline Forest Lakes, Illinois?EUR??,,????'?????<??oe?EUR??,,????'?????<?Massive Caseyville development stalled, waiting for turnaround in the economy.?EUR??,,????'?????<? The sewer and water lines are in, but only one model home is completed in a 500-acre home development in Caseyville?EUR??,,????'?????<???EUR?s Forest Lakes, Illinois. The project is stalled and awaits a turnaround in the economy. Caseyville residents fear the village will get left holding the bag on the $31 million bond debt. In southern Illinois, a multi-million-dollar plan for a hotel, marina and retail shops along the Ohio River in Metropolis is also on hold until the economy rebounds. Regarding stimulus money for Illinois state projects, however, the signs are encouraging. According to a recent study by the Associated General Contractors of America, for every billion dollars invested in new infrastructure projects in Illinois, the state?EUR??,,????'?????<???EUR?s gross product will increase by $63.1 billion. According to the New York Post, Brooklyn leads the boroughs in unfinished condo developments. Williamsburg alone has 18 vacant lots of stalled construction and the rusting steel building frames to prove it. A team of building inspectors found 143 stalled sites around the city In San Francisco, food vendors are now hawking their edibles in a section of a parking lot near the Pike Place Market where a hotel project has been put on hold. The San Francisco Chronicle reports at least a dozen projects sites are sitting idle, waiting for the economy to rebound. Miami is renting lots from developers for basically nothing and creating temporary parks. In Massachusetts, residents are seeing ?EUR??,,????'?????<?American Recovery and Reinvestment Act?EUR??,,????'?????<? signs at numerous road-resurfacing projects and at bridges undergoing reinforcement and upgrading. Mass. officials are also looking at this once-in-a-lifetime stimulus cash to finally launch some long-planned major development projects like the redevelopment of the former South Weymouth Naval Air Station, showing some signs of life after 17 years; and a east-west connector parkway at SouthField that would result in significant commercial and residential development, according to the Mass. Housing and Economic Development Secretary Gregory Bialecki. U.S. Housing and Urban Development just awarded $4,860,574 to North Dakota and $28,434,123 to Minnesota to start affordable housing programs stalled by the recession. The funding is through the American Recovery and Reinvestment Act of 2009. And in D.C., developers of 22 affordable housing projects are seeking some of the $33.7 million the city will receive in federal stimulus money from the Treasury. |