Wilmington, DE, Asked for $1M Loan Guarantee
From The (Wilmington, DE) News Journal
Wilmington, DE, Asked for $1M Loan Guarantee
Backers of a proposed $36 million hotel on Wilmington's Christina River waterfront are seeking to put city taxpayers on the hook for $1 million should developers fail to make loan payments on a proposed Westin Hotel on the Riverfront.
Altogether, the developers need to obtain a total of $6 million in loan guarantees if they are to secure financing, said those familiar with the deal. Click here for the full story.
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