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Consultant urges Columbia officials to temper timeline for McGinnis parcel sale and development
Summary
A developer consultant told Columbia Borough Council that a fast public-sale schedule and tight build timelines would likely deter many buyers and that permitting, market demand and access constraints mean developers commonly require extended due-diligence and negotiation periods.
Rick Brenneman, a site civil consultant who has worked with local developers and the borough—s economic development contacts, told Columbia Borough Council on Nov. 6 that the borough—s proposed timetable for selling and developing the McGinnis parcel is likely too aggressive for many potential buyers.
Brenneman said developers face large up-front costs for engineering and permitting, and that state and federal reviews can add months or years. "Developers don't, despite popular and public opinion, most developers locally aren't rolling in it," he said, adding that due-diligence periods commonly run two to three years and sometimes…
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