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CPB2 LLC's proposal to redevelop the Portland Co. complex at 58 Fore St. is facing opposition from a resident-led group called "Save the Soul of Portland. The group has successfully submitted enough signatures to place a referendum on Portland's ballot this fall that, if approved, would place protections on public views of Portland's harbor. One of the targeted areas would impact plans for the Portland Co. project at 58 Fore St. Jim Brady, one of the partners at CPB2, recently said that the "referendum will not only kill the 58 Fore St. project, but other thoughtful development as well."
What kind of impact could the Soul of Portland referendum have on future development?