Now the estimated $1 billion commercial-residential ventureplanned for Surgarloaf for the past nine years may evaporatebecause the developers still aren't ready to turn the firstspade.
The project's owners, the Price family and former bankerWilloughby T. Cox Jr., are fighting to get a five-year extension ona mandatory state order for a Dec. 18 ground-breaking. Without theextension, the developers say they will have no other options butto walk away from the project for good.
That would satisfy area residents and environmentalists who havefought the enterprise since it was announced in 1991. They arguethe planned 2,434 home development with two golf courses and120,000 sf of commercial space is in the wrong place at the wrongtime.
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