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
Moody's Settles With States for $863.7M Over Misleading Ratings12 hours ago
GOP Vows to Defund Planned Parenthood. As States Learned, That's Hard.13 hours ago
Airbnb's Tax Deal With Kansas May Be Model for Midwest16 hours ago
Missouri's Days-Old Governor Cuts $146 Million From Budget16 hours ago
Amid $900 Million Shortfall, Nebraska Governor Proposes Tax Cuts4 days ago
Colorado Governor Delivers State of the State4 days ago