Snyder quoted in article about renewal of Pennsylvania Permit Extension Law

Snyder quoted in article about renewal of Pennsylvania Permit Extension Law
Builders get extra time to use permits
July 20, 2012
Philadelphia Business Journal

John C. Snyder, a partner in the Real Estate Practice, commented for this article about the renewal of the Pennsylvania Permit Extension Law, which will give residential and commercial developers three more years to break ground on a project without having to secure new permits.

The initial measure, signed into law in 2010, said that if a permit was valid on January 1, 2009, it was extended to July 2, 2013. The renewal will give developers who have obtained permits, whether it’s building, water, sewer or road, until July 2, 2016 to start construction.

“When that was adopted, there was hope that by 2013 real estate would be moving again,” Snyder said. However, he added: “Development is still not moving forward and money is still not available.”