From Pine View Farm

Developer Magic Delayed 0

The shovel-money-to-developers effort in Virginia Beach appears stalled. I guess the developer magic went out of the public-private partnership:

Mayor Will Sessoms and Vice Mayor Louis Jones said Wednesday they oppose the plan to build a $109 million four-star Hyatt hotel next to the Virginia Beach Convention Center, dealing the controversial project a severe and likely fatal hit.

Sessoms and Jones joined five council members who have already opposed the hotel deal, meaning a majority of the body now opposes the public-private partnership with developer Armada Hoffler.

There is one certainty.

Little time will lapse before another manifestation of the touching faith in developer magic, the simple confidence that the sweet scent of money burning upon the public-private partnership altar will please the gods, moving them to bestow blessings upon believers.

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