Consultants examining the Columbus Center condominium, hotel, and retail project in Boston say they need another two to three months to determine whether the proposed project is economically viable.
The Beal and Related Cos. yesterday said they need the additional time to develop a plan for moving forward with the $800 million development over the Massachusetts Turnpike in Boston.
The consultants initially said they would produce recommendations in October, but they have repeatedly pushed back the deadline. "Discussions with potential financial sources are much more challenging, and have caused a delay in our ability to make final recommendations," their statement said.
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