Developer pulls out of Ardmore project

March 5, 2008 8:45:52 PM PST
Chalk up another casualty of the slowing economy. The developer recently chosen to revitalize Ardmore's business district has abruptly pulled out of the project.

E-B-L and S Development was tapped earlier this year to spearhead the 300-million dollar makeover, but the firm says it can't secure the necessary financing.

In addition to improvements along Lancaster Avenue, the firm had planned a six-story office tower and hotel straddling the Main Line train tracks.