Posted May 24, 2010, 3:26 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,890
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Quote:
Originally Posted by RobertWalpole
An article in a rag that's notorious for misinformation (I think it was the NY Post ) stated that there was not a construction loan. However, I believe that the Abu Dhabi group provided construction financing.
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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
Quote:
On West 57th Street near Carnegie Hall, he recently started work on a mixed-use tower even though he has yet to line up an all-important construction loan. Mr. Barnett insists the money will flow for a project that will offer an exceptional location, world-class amenities, and a design by noted French architect Christian de Portzamparc.
“It is going to be a gift to New York,” says the undeterred Mr. Barnett.
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