The last news in the local paper was that everything was going according to schedule and that Fayetteville would soon have a wonderful new Renaissance Marriott Hotel in downtown Fayetteville where the big hole and giant crane are today. That would be quite nice.
In the meantime, however, the East Square developers have passed another month without any visible progress on the project. October has come and gone. Does anyone know if they hand delivered another check for $25,042 in liquidated damages to the City of Fayetteville that backed the project with TIF bonds? That would be helpful for a city administration that is paying off $3.7 million in bonds to support the development and is facing a $2.3 million budget deficit that could drain the city's reserves and force deep cuts in essential services next year.