I love that new render, and I seriously hope this project does get built. That being said, the article doesn't mention much about financing. From the brief mention of incentives for foreign investors in the project, it sounds like they don't have all the financing they need to make this happen. But from an earlier article:
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Toy indicated that PCDC is aiming to have funding for the Eastern Tower in place by fourth quarter 2013
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Like I said, I would love for this project to happen. It would be great for the community and the design is terrific. But I'm not going to hold my breath.