​Update on JCPenny Site

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The city council tabled zoning case 2019-023 on February 24, 2020 at the request of the applicant Sam Ware. It will come back to council on Tuesday, March 17, 2020. A reason for tabling was not given.
As I said in my original article on Feb. 24, 2020,
​https://planospoliticalpitbull.weebly.com/posts-about-council/foreclosure-on-former-jcpenney-headquarters-property, Sam Ware wants to build a mixed use development with over 600 apartments on this property. However, the property is currently in foreclosure. Sam Ware managed to get a court to halt the bank from seizing the property temperately. However, that hold will expire on March 3rd.  
Sam Ware has been looking for new financing. However if he can’t pay the $389 million loan he currently has, how will he pay back a new one? I don’t see anyone risking millions on someone who can’t pay his bills now. We will just have to see what happens.