The Patriot-News ran a Chris Courogen article in the morning's edition focused on who may buy a $650,000 condominium from Liberty Forge:
"... Grumbine said people would come from far away to live in the condos, which would have a base size of 900 to 1,200 square feet, with the ability to combine units for bigger homes.
'The market is the East Coast,' Grumbine said. 'People like a rural setting. They will come from New Jersey, New York, etc.'..."
Grumbine's certainty is not shared by others in the article:
"...'It's highly unlikely, improbable, wishful thinking that they would be able to fill that up,' said Adriana Klich, an attorney from Lower Allen Twp. with background in real estate.
Klich has studied census data and local real estate market statistics. Her conclusion: 'You can't square the numbers. ... This area cannot support 582 units at that price.'..."
By the way, the article is posted at two different urls on The Patriot's web site. The full article can be found here, while an abbreviated article with comments is posted here.
And finally, the BOC is waiting to receive the transcript of the Sept. 15 hearing before proceeding with a vote. At a recent public meeting, Manager Tom Vernau estimated the stenographer may need one month to finish the transcript.
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