AIA to develop database of stalled projects for investor financing

July 05, 2011 |

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.

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