MacLeans has an Interesting article about the effect of failed real estate projects on cities:It's worth noting the location of the Ritz project is a particularly sensitive one for Vancouver's bruised real estate ego. When the last bubble burst in the 1990s, a half-built concrete tower was abandoned there. For years it was an ugly reminder of the excesses the city's real estate developers, investors and buyers are prone to. Now a six storey-deep hole in the exact same spot could prove to be an e...
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