General Growth claims the off-site and on-site work were not in sync, and that grading was going too fast. Urban Planet forum posters express doubt about the reasons given for the halt of Bridges at Mint Hill construction at Lawyers Road and I-485. The poster says:

That’s an interesting excuse and it’s rubbish. It’s no doubt due to the economy and the fact that General Growth, the developer, is having major issues in these seized up capital markets trying to get refinancing on its $billions of debt maturing over the next two years. Being that the company is now devoting full attention to its existing stabilized portfolio of malls, I predict this project will be on hold until 2010 at the earliest or may just outright die.

Mall developers told Town Manager Brian Welch construction will begin again at the first of the year. Stay tuned…