Credit Crisis

A prominent developer predicts that all hi-rise housing will cease in the San Francisco due to the credit crisis. The result, says an urban think tank director, will be more sprawl development in the Bay Area as it presents the least financial risk.

The New York Times reports that the renewable energy industry is hurting badly in this recession. Lack of available credit is the main reason, and while the stimulus bill may help, it will not be the solution.

Infrastructure funding in California is grinding to a halt as two crises hit simultaneously: a political impasse unable to resolve a budget gap of $42 billion and a credit crisis leaving the state unable to sell its bonds.

While many construction and development projects are finding trouble getting funded, sustainable design firms are hanging in there.

The new 'oil shock' is one of plummeting oil prices and its effect on alternative technologies and energy. Combined with the credit crisis, the fallout in some green technologies is shown by difficulties in attracting capital and customers.

The worldwide credit crisis will affect the ability of the developed world to tackle climate change. Businesses in Europe and U.S. are asking for delays in meeting emission reductions mandates notwithstanding the drop in oil prices.

The economic crisis is the latest hindrance to stall rebuilding efforts in New Orleans. From issues of boosting homeownership to restoring tourism, the Big Easy's road to recovery is looking bumpier than ever.

The credit crisis has caused soaring interest rates on municipal bonds, causing cities to look for other ways to fund projects. Nevertheless, numerous projects have been put on hold or face cancellation.

Thousands of stores across the country face closure as the credit crisis curtails consumer spending, and chain retailers file for bankruptcy.