They haven't disclosed their long-term impact, frankly, because they don't know it yet. It's an unknown timeline for redevelopment right now.
Reservations don't equal sales. There are several investors placing refundable deposits on multiple projects around town. But when it comes time to sign the contract, they will often re-evaluate their selection.
Any time you talk about rising costs for certain necessities it is a cause for concern. It's particularly difficult for seniors who are on tight, fixed incomes.