Monday, December 10, 2007
The Plaza tower saga rated a front page story in today’s Washington Post business section. It appears that the ultimate decision as to whether the tower will be built rests with the ability of WCI Communities to secure financing. A year ago that would not have been a problem for the Florida developer but back then its stock was trading at around $35.00 per share. Today it trades for $4.84. It may be mid January before the fate of this project is decided.