Quote:
Originally Posted by snfenoc
Los Angeles-based Sonnenblick Development LLC.
It has been searching for financing for about 5 years already. It received a 5-year extension in December, but I think it's obvious to the developer that financing just isn't available. There are 5 other hotel proposals within a mile of the airport.
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I'm just not buying it. The company specializes in government buildings and high few high-end resorts. That's a weird combo right there. I strongly suspect something other than not getting financing is going on here but you can bet it has to do with money.