The bankruptcy battle over the failed Chicago Spire is moving from Delaware to Chicago under an agreement that also gives the project's developer until mid-March to come up with a plan to pay off its creditors.
Garrett Kelleher, the Irish developer who planned to build the 2,000-foot-tall condominium tower, is feeling confident he can meet that deadline and restart the project, said his lawyer, Thomas Murphy. Mr. Kelleher is in discussions with deep-pocketed investors interested in providing financing, he said.
from Chicago - The Huffington Post http://www.huffingtonpost.com/2013/11/13/chicago-spire-developer-h_n_4269227.html?utm_hp_ref=chicago&ir=Chicago
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Garrett Kelleher, the Irish developer who planned to build the 2,000-foot-tall condominium tower, is feeling confident he can meet that deadline and restart the project, said his lawyer, Thomas Murphy. Mr. Kelleher is in discussions with deep-pocketed investors interested in providing financing, he said.
from Chicago - The Huffington Post http://www.huffingtonpost.com/2013/11/13/chicago-spire-developer-h_n_4269227.html?utm_hp_ref=chicago&ir=Chicago
via IFTTT
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