In the News

Northeast Nightmare: Building in the most densely populated part of the country offers good returns, but it's hard to break in


December 01, 2006

Ted Zangari is quoted in this article about the difficulty developers have in the Northeast. In discussing the flexibility of local zoning laws, Zangari stated: "It's often up to the town boards to make up the rules as they go along. If a retail center is set to include a big box, town officials will change the zoning even as the developer is sealing the deal." Zangari suggests that developers need to reach out to the community and local politicians years before submitting bids. Zangari stated: "Early and often is our mantra when we advise our clients...The worst possible scenario is when the residents learn of a proposed project by reading a tiny notice in the newspaper..."