The American Institute of Architects (AIA) announced an emergent database for potential investors to research stalled building projects that are economically plausible but lack financing.
According to a recent survey, almost two-thirds of architects reported at least one project that stalled because of lack of financing. Results also revealed the average value of each stalled project is $50 million per firm, while AIA’s May Architecture Billing Index report shows a continued deterioration in business conditions.
Full story [2]
Links:
[1] http://www.bdcnetwork.com/sites/default/files/210743_3820.jpg
[2] http://www.prnewswire.com/news-releases/american-institute-of-architects-to-develop-database-of-stalled-projects-suitable-for-investor-financing-124716203.html
