Andy62
11-20-2008, 09:31 PM
I was in the commerical real estate finance business for over 40 years and financed major contstruction projects in most states in the union. Some of the loans were participations in projects of over $100 million. During that time I never saw a negative feasibilty study.
At one point I bid on the financing of an airport for a major city where 6 sites were under consideration. Each of the groups hoping to get the airport located in their area employed a highly qualified research firm that had very qualitified people working for them who were in many cases PHDs and had numerous certifications. Would you believe that each expert research firm found in favor of the site being promoted by the group that employed them and said that the site that they were promoting was the most favorable?
As the world is going through all of these changes don't be snowed by seemingly authoritative reports from experts. You have to use your own judgement. I am very skeptical of projections used to justify anything no matter who the expert is. That holds true for finanicial institutions and nations as well as individuals. Try to verify everything that you can from outside data obtained from sources without a vested interest in the outcome of the proposed venture.
At one point I bid on the financing of an airport for a major city where 6 sites were under consideration. Each of the groups hoping to get the airport located in their area employed a highly qualified research firm that had very qualitified people working for them who were in many cases PHDs and had numerous certifications. Would you believe that each expert research firm found in favor of the site being promoted by the group that employed them and said that the site that they were promoting was the most favorable?
As the world is going through all of these changes don't be snowed by seemingly authoritative reports from experts. You have to use your own judgement. I am very skeptical of projections used to justify anything no matter who the expert is. That holds true for finanicial institutions and nations as well as individuals. Try to verify everything that you can from outside data obtained from sources without a vested interest in the outcome of the proposed venture.