Kokomo Plan Commission director Greg Sheline disclosed to the Kokomo Common Council on April 11 that Redwood LLC has withdrawn its plans to construct a 172-unit managed residential on the city’s southeast side.
“Unfortunately, they are pulling out of the development, which is a shame,” said Sheline. “I thought that was going to be a really good development for the city. They ran the numbers again, and with the increased cost of everything, their model just wasn’t going to work.”
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