Half a year after foreclosing on developer Bill Levy and taking over plans to build a Ritz-Carlton timeshare village at the bottom of State Street, Mountain Funding still has no buyer on the line. According to city redevelopment czar Paul Casey, Mountain Funding has until September to begin construction on the long-festering project. Casey expressed confidence that Mountain Funding, which specializes in making high-risk loans to developers in distress, has the resources to get the job done.
No Buyers for Former Levy Project Site
Wednesday, June 27, 2007
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