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The COVID-19 conundrum: Money is available for new construction projects, but few are breaking ground

August 24, 2020

Even in a coronavirus-challenged environment, there’s money available to build new projects; what’s rare is finding an owner who is willing to break ground.

That’s the takeaway of several observers who have noted a dearth of new construction projects coming to market. Lenders and financiers still want to back good projects, but fewer developers are willing to take the risk during the continued economic uncertainty of COVID-19.

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