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Old Posted May 24, 2010, 4:09 PM
RobertWalpole RobertWalpole is offline
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Quote:
Originally Posted by NYguy View Post
Not actually. Abu Dhabi's investment in the project was reported in this thread also.
http://www.thenational.ae/apps/pbcs....711179852/1051


The quote you mistake for the NY Post was actually from Crains...(a few pages before this one)
http://www.crainsnewyork.com/article...TE02/100409964
I had read the article on Curbed last November. I assume that their cash infusion correlates to a construction loan. 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.