Quote:
Originally Posted by arkitekte
I honestly don't think this means anything. He still has the lien on the property by the excavation firm. I don't think its much of a coincidence that fairly soon after Tony G announces his new proposals for 505, Alex Palmer has a damage control article in the paper. I'd love to see WES built, but at this point supposedly with the IC not having a future hotel in Nashville listed on their site and HCA supposedly looking at other options I don't think this will happen.
|
I don't think a 1.8 million dollar lien on a 250 million dollar project is going to hold things up much. That's pretty much a drop in the bucket.
As for the announcement about him finally securing financing, and the timing, are you suggesting that this is just some made up story by AP that he now has an equity partner and now has the capitol to proceed with the project?
Also, do you think that TPA group is willing to partner up with Palmer, and to help finance a dead project that is never going to happen?
Maybe, the ICH was part of the problem, and was making it more difficult to finance. Maybe by Palmer taking that part out of the project helped him secure the financing...
HCA "looking" at other options doesn't really mean much IMO. I mean, what are they supposed to do in a situation like that. They didn't know if AP was going to pull it off or not, so of course they had to have a backup plan. They have repeatededly said that WES is where they want Parallon and SCRI to be, and now that he has to the funds to start construction, I don't see why all of the sudden they would just say screw it and move out to some office park they didn't even want to be originally. Why bail out just got things got delayed by a few months?
I understand everyone's hesitation with this project, I really do, but to me having secured the financing necessary to start construction means no more begging banks for money, no more trying to sell this project to anyone, no more delays, and only thing left to do is start working.
If you have the money to start the project, why would it not happen? What at this point would be holding it up?
Again, I do understand everyone's reservations about this project, and it will probably take tower cranes going up to satisfy the naysayers, but to me this sounds like a done deal pretty much.
Guess we will find out soon.