Entitlement is obviously important, but not always a guarantee, apparently.
From the City of Tehachapi's Economic Development News:
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From a former potential buyer of an entitled shopping center in the City of Tehachapi:
“We had to back out to due to high construction costs and not enough interest to offset those costs.”
Another broker representative with an entitled commercial development discussed some challenges with their project:
“We have had some people interested in the property however with increasing interest rates, that is becoming more challenging.”