Well That Answers That

The great Pittsburgh hotel mystery that nullspace has reported on has now been solved.

We are now piling up a list of projects in Pittsburgh that had been temporarily shelved in spite of our unemployment rate hovering well under 7.2%.

The projects that I'm aware of that have been shelved:

• The "crowning jewel" of the SouthSide Works complex - a hotel/condo funtime
• The entertainment complex on the North Side - not a hotel but still postponed - supposedly still starting the hotel
  
• The Bloomfield hotel project -shelved because of disagreements but secretly the developer was relieved to get more financing time
  
• And last but certainly not least the Cultural District Riverfront Development megaproject

What does this mean? That unlike what developers were hoping, Pittsburgh is not immune to the dismal economy. However, this list still leaves quite a few hotels to be worked on. And Target is humming along as far as I know.

Of course, sometimes, the delay isn't because of financing, it's because of hooking up the utilities. Even Hofbrauhaus has to wait for the cable guy.