This, from the Star-Telegram in Fort Worth, may have repercussions on this side of the Metroplex.
"It’s a tough credit market, a challenging market, so we’re working through it."
In other words, developers who need to borrow money — in this case, $510 million for the non-stadium part of the Cowboys’ Glorypark epic — are having difficulty doing so.
Why does it matter to us? Because there are more than a half-dozen town center-style projects in the Advocate’s four areas, most of which are markedly similar to Glorypark. And if they’re having trouble raising money, one can assume everyone else is.
