Downtown Detroit Projects Derailed Over Financing
The reluctance of banks and major pension funds to underwrite loans for downtown projects has been a consistent problem for the struggling city.
The reluctance of banks and major pension funds to underwrite loans for downtown projects has been a consistent problem for the struggling city. As a result, the gap between what traditional lenders will offer and what a project actually costs must be filled in with a patchwork of nontraditional loans and subsidies from government and foundations, slowing down the entire process.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
Oregon Gets Company in Testing Gas Tax Alternatives14 hours ago
New Jersey Lawmakers Strike Deal to Help Atlantic City20 hours ago
The Week in Public Finance: Muni Credit Trends, the Next Round of Tax Reforms and More4 days ago
Kansas Governor Cuts Medicaid, Higher Ed5 days ago
U.S. Supreme Court: Debt Collectors Can Use Government Stationary1 week ago
Court Rules Texas School Funding Constitutional But in Need of Reforms1 week ago