‘Talus’ developer explains delay in La Quinta project with residents
The developer of the luxury resort, Talus La Quinta, has addressed concerns over the delayed project.
The project side sits at Avenue 52 and Jefferson has been years in the making. It will include two luxury hotels as well as private homes and residences.
“We're here to stay. We're not going anywhere. We're not walking away from our significant investment in this project already. And we're well on our way to get into capitalization all finished up," said Robert Green who is the the developer of Talus and CEO of Robert Green Company.
It’s faced several delays, but Green tells us finances remain the biggest obstacle.
“Interest rates have gone up precipitously in the last eight to 10 months and the banking crisis recently hasn't helped," Green explained. "We've slowed down on a few other things just to let our financing catch up. But all of our equity is in and we've got A lot of money invested in the project, we're just trying to get the debt side finished off.”
On Monday, several community members met with green to discuss its progress as well as their concerns.
“To find the answers that we need, I think, because we just been kind of strung out there. What's going on," said La Quinta resident Dede Cusimano. "I think he was still trying to sell his project. And, you know, I appreciate what he's doing here.”
Cusiano lives across the street from Talus. One of her biggest concerns is the dust being picked up from the project site, on days that are especially windy.
“We just get bombarded with all of the sand that's coming from the project over into our community," Cusimano explained. "And when the sand comes up from their project, it just destroyed our, our community and our perimeter of our lovely landscaping.”
It’s a concern that was shared by multiple residents on Monday, but Green tells us he is working with the city to try and mitigate it.
“It's a concern, whenever you've got a construction project, it's very difficult in this kind of environment to manage that," Green said. "Making sure we do everything we can to minimize the dust and all that.”
