Towers of Channelside files for bankruptcy-Tampa, Fl
Back in February of 2008 when the Towers of Channelside filed for bankruptcy, who would have guessed that in October 2008, The Towers would now be out of bankruptcy? It is hard to believe, but many condo owners, and people who are looking to purchase can breathe a sigh of relief.
read the latest news story on the Towers at Channelside here…
The Towers of Channelside in the Channel District near downtown Tampa presold all 257 condominium units, but two-thirds of those buyers didn’t follow through with the sale. Now the project developers have filed for bankruptcy protection.
I am still amazed that all these luxury condos were allowed to be built. Who did the demographics for these banks and builders? Where did they think these buyers were going to come from? And now the taxpayers have to pay for their mistakes. It is an outrage and I hope these companies who overbuilt to a socioeconomic group that does not exist are held accountable.
I am still amazed that all these luxury condos were allowed to be built. Who did the demographics for these banks and builders? Where did they think these buyers were going to come from? And now the taxpayers have to pay for their mistakes. It is an outrage and I hope these companies who overbuilt to a socioeconomic group that does not exist are held accountable.