West Pointe foreclosure reveals plight of nonprofits
Published: February 26, 2010
Tags: Berger, Community Development Advocates, developer, Lipscomb, Local Initiatives Support, Luzar, Milwaukee, nonprofit, West End Development, Whaley-Smith
By Sean Ryan Nonprofit developers operate in a market that could put them out of business with one bad deal. It happened to West End Development Corp., Milwaukee, after its West Pointe condominium project tanked in 2008. And it’s on the minds of the people who run the Local Initiatives Support Corp., which on Monday [...]