According to the mayor, who says she was disappointed by the sameness, the developer came to the planning board with a proposal for houses that would start about $225,000, but luxury amenities requested by most of the buyers have pushed the prices to more than double that figure.
There were a number of development schemes for the head including a major railway and docks scheme proposed in 1885, proposals for housing and a golf course were also put forward before World War I, though none of these schemes came to fruition.
Over the years, proposals for housing fell by the wayside as opponents argued over the size of projects or over plans for subsidized housing, and as financing from government subsidy programs dried up.
All of the competing proposals for housing finance reform share basically the same structure: winding down Fannie and Freddie, and having private financial firms – including banks - take responsibility for buying mortgages and packaging them into bundles to be bought and sold.
Sir Albert Bore's proposals for housing were outlined in his annual leader's policy statement to the council.
Grosvenor hopes that proposals for housing and a sporting village in Trumpington, minus a football stadium, will be looked upon more favourably by planners and local residents.
"We will know that the Obama administration is serious about housing finance reform when it comes up with a proposal for affordable housing," said Mr. Swagel, the University of Maryland professor.
Now, the proposal for building housing on the site is at a standstill as debate continues over zoning amendments.
Ms. Donegan noted that Forest Walk L.L.C. had submitted a proposal for 286 housing units on 17 acres requiring a zone change.
