Quote:
Originally Posted by RobertWalpole
Abu Dhabi has unlimited money, and therefore, could fully fund this project. I doubt that they would invest significant funding in a project while a developer fumbles around for a year or more searching for a traditional bank loan.
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Whatever the case may be, they are currently awaiting construction financing. That they don't have it
yet is the only reason you don't see more activity at the site. All construction permits are in place. When they get funding and a hotel secured, we'll see things pick up at the site, maybe even a rendering.