Well it was only a matter of time before the city or the bank had to enter the picture on this embarrassment of an endeavor that it had worked out with developer Marc Marlow that involved putting up a "neighborhood of upscale single family homes and duplexes" on the site of the old raggedy Hollywood Vista Apartments in East Government Hill. Considering that this involved Marlow, shouldn't either party involved with his Northpointe project have seen some sort of financial hiatus coming? Don't forget the disastrous construction timeline it took to restore the McKinley Apartments downtown which was also under the watch of our good intentioned, but money troubled developer.
read story here (ADN)
In the meantime if you've been in the area, you can drive the twisty roads of the barren subdivision like it's one of those Formula-1 or LeMans Grand Prix road courses... it's pretty cool.