diff --git a/PENDING.md b/PENDING.md
index d5302c0057..4da4d27a17 100644
--- a/PENDING.md
+++ b/PENDING.md
@@ -25,8 +25,8 @@ FEATURES
   * Modules can test random combinations of their own operations
   * Applications can integrate operations and invariants from modules together for an integrated simulation
 * [baseapp] Initialize validator set on ResponseInitChain
-* Added support for cosmos-sdk-cli tool under cosmos-sdk/cmd	
-   * This allows SDK users to init a new project repository with a single command.
+* [cosmos-sdk-cli] Added support for cosmos-sdk-cli tool under cosmos-sdk/cmd	
+   * This allows SDK users to initialize a new project repository.
 
 IMPROVEMENTS
 * [baseapp] Allow any alphanumeric character in route
@@ -35,9 +35,6 @@ IMPROVEMENTS
 * [x/stake] Add revoked to human-readable validator 
 * [x/gov] Votes on a proposal can now be queried
 * [x/bank] Unit tests are now table-driven
-* [cosmos-sdk-cli]
-    * Replacing all instances of "Basecoin" to ProjectName in Basecoin code
-    * Checking if directory exists before creating a new project
 
 BUG FIXES
 *  \#1666 Add intra-tx counter to the genesis validators
diff --git a/cmd/cosmos-sdk-cli/cmd/init.go b/cmd/cosmos-sdk-cli/cmd/init.go
index fdd57ae999..e31820e818 100644
--- a/cmd/cosmos-sdk-cli/cmd/init.go
+++ b/cmd/cosmos-sdk-cli/cmd/init.go
@@ -151,8 +151,8 @@ func setupBasecoinWorkspace(projectName string, remoteProjectPath string) {
 		copyBasecoinTemplate(projectName, projectPath, remoteProjectPath)
 		createGopkg(projectPath)
 		createMakefile(projectPath)
-		fmt.Printf("\nInitialized a new project at %s.\nHappy hacking!\n", projectPath)
+		fmt.Printf("Initialized a new project at %s.\nHappy hacking!\n", projectPath)
 	} else {
-		fmt.Printf("\n%s already exists, please choose a different project path\n", projectPath)
+		fmt.Errorf("%s already exists, please choose a different project path\n", projectPath)
 	}
 }