On February 2, 2023, Shawn McCormack was quoted in the Chelsea Record article, “Planning Board Rejects Forbes Extension Request.” The article discusses the rejection of a request for a one-year extension of the site plan for the YIHE Forbes, LLC development project. Several economic factors have resulted in the project not moving forward as plan.

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It’s really been stalled, and we are hoping in the next year that things will stabilize…Right now, getting investment is very difficult because there is a lot of uncertainty in the housing market. You have interest rates going up, which means there are fewer people in the market to buy new housing.

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Read the article in the Chelsea Record.