Dive Brief:
- With the recession abating and financing now in place, a $350 million retail center in Livingston Parish, La., is about to break ground, the developer says.
- Creekstone Companies said Block Construction would begin site work very soon, and Hoar Construction will follow close behind.
- Creekstone announced the project at Interstate 12 and Juban Road in 2006, but the sagging economy put it on long-term hold.
Dive Insight:
This seems to be a case of Creekstone wanting to build the stores and a 12-screen theater despite governments not making a larger revenue contribution. The parish had agreed to hand over 40% of a tax on roads in the development, but balked at a request for the other 60%, and the state turned down a request for money.