Friday, November 26, 2010

Elm Park was always going to be a failure

Back in June 2008 I wondered if the Elm Park development would someday be seen as "a symbol of everything that went wrong as the economy went into its inevitable property price crash."

That it isn't seen that way today has nothing to do with Elm Park's success, but rather those symbols are too numerous for Elm Park to be singled out for any special acknowledgement. Regardless, the Elm Park development - part of Bernard McNamara's decaying world of properties - will shortly have a receiver. I can't claim any great prescience in our misfortunes, but I knew as soon as I saw what was happening at Elm Park that it would end in tears.