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Local News - Local News - June 19, 2009
Dover Bay owner adapts to down economy
One addition at Pend Oreille project replatted to reflect current home-financing envirionment

By Jeanne Gustafson
Of the Journal of Business

A North Idaho developer has changed its plans for a big residential and resort development it owns on the Pend Oreille River, near Sandpoint, opting for more single-family homes, rather than condo-style housing, because homes are easier to finance in the current economy.

The developer, Sandpoint-based Waterfront Property Management LLC, recently re-platted a portion of its Dover Bay resort to add 86 one- or two-bedroom single-family detached homes called bungalows, says Ralph Sleta...


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