WRAL recently published an article on their website that talks about how Raleigh’s growth has been hurt by the mortgage and credit crisis. While Raleigh hasn’t been hit nearly as hard as other places, lenders are still being less willing to give money to projects, even ones they had previously committed to.

The article mentions that there is a construction delay for the Lafayette Hotel in downtown Raleigh as well as “for a major condo project at North Hill.”

I’m guessing they mean The Lassiter…

Does anyone know for certain?

If it is The Lassiter are there any estimates about when the project will be finished now?

Link to WRAL article is here.

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