August 19, 2010

Hey, Obama can always give them a bail out...

Yahoo News:

Do Islamic center developers have the funds to build?

An uproar over the planned mosque and community center two blocks from Ground Zero could turn out to be much ado about nothing if the project's backerscan't raise more money and woo the right people in New York's volatile real estate market.

The group has not yet begun fundraising for the $100 million proposed Park51Islamic center, and in 2008 reported a paltry $18,255 in funds, according to Maggie Haberman and Ben Smith at Politico

Local real estate insiders tell the site they are doubtful the project will ever come to fruition in a town where building anything can be tough, even without bad publicity and funding woes.

"The group also lacks even the most basic real estate essentials: no blueprint, architect, lobbyist or engineer — and now operates amid crushing negative publicity," note Smith and Haberman.

But the mosque's developer, Sharif El-Gamal, brushed off the project's unpopularity in an interview with the New York Observer. "I don't give up," he said. "I don't quit. It's just not in my DNA."

I highlight the word mosque for Folkidiot's benefit since he keeps insisting it isn't one. Why on earth would anyone think it is? Maybe because it IS.

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