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
The Week in Public Finance: A Run on Pensions in Dallas, Connecticut's Warning and a Threat to Muni Bonds4 days ago
Why Carrier Deal Could Set Troubling Precedent4 days ago
Oregon Governor Proposes Cuts, New Taxes to Close $1.7B Budget Shortfall4 days ago
Governor Vetoes $215 Million in Chicago Public Schools Funding4 days ago
Lawmakers Could Tap Emergency Fund for Pot Regulation4 days ago
In Life After Coal, Appalachia Attempts to Reinvent Itself6 days ago