And then there's the arguably not-so-slim chance that they may never be realized.
Because opponents of the 40-unit project, which the City Council approved in July, have filed a lawsuit challenging the council's decision, a potential 2012 construction start appears to be in limbo.
Critics of the project, led by the site's West Hopkins Avenue neighbor Steve Goldenberg, have employed delay tactics for most of the last year in a concerted effort to quash it. The lengthy approval process involved nine public hearings of the City Council and Planning & Zoning Commission during the first half of 2011 as the project was criticized, whittled down, challenged on technical grounds alleging a lack of due process on parking issues, and trimmed down some more.
The continual battle has cost developer Steve Stunda and his East Coast partners much time and money, he said in an interview last week.
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