“The entitlement process includes all the little sundry studies, surveys, planning, environmental impact reviews, and subdivision processes”
Does the above include putting in the sewage & water ?
“This is a planned community. To even get to that point requires most of the entitlement process to be completed.”
Can you please explain why ?
“They need builders or investors to step up and take those parcels off their hands, ’cause with the current trends the carrying costs will eat them alive before the market comes back”
Does this mean that the land developers typically borrow money to finance the entitlement process ? Is it similar to the construction loans that builders use ?
