I was hoping that our new downtown would not be impacted too much by the current economy. Target is "on target" (sorry, I couldn't resist) for late this year, and the opening of the project has already been delayed until late 2010. Now, Peter Pau, the developer says that he needs an additional $450,000,000 in loans to complete construction, and negotiations could take several months. In the meantime, plans for a hotel are put on hold. One more victim of the economy, but at least the numbers are not in the billions.
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