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Recession Hits UMD Development

The University of Maryland’s much publicized East Campus development suffered a setback after the University and the developers agreed to put an end to the proposed development. The current “economic downturn and difficult financial and real estate markets” forced them to make this decision.

The University is however willing to go ahead with the development, though not in full scale, but in chunks. More here on the Post article:

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/13/AR2009111304143.html?wprss=rss_metro/md

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