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Old Posted Feb 7, 2014, 5:47 PM
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Bambi Bambi is offline
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Join Date: Oct 2013
Location: Chicago
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Quote:
Originally Posted by LouisVanDerWright View Post
Despite the cranky naysayers in this thread, the above Kelleher quote is spot on. Credit markets are actually easier now for this kind of project than they were in 2007. The amount of cash being printed by central banks around the world has created giant pools of cash looking to flow into large projects with reasonable yields. If he is able to land a construction loan I won't be surprised. If he is able to get shovels in the ground again I think we will see the Spire standing tall by 2018. This will make 432 Park in NYC look like a piddly little joke of an ultra luxury tower.

I have to commend Kelleher on his tenacity. He clearly refuses to give up on this. If he gets it done he will instantly become a minor Chicago legend because that's the attitude that permeates the culture of this town. Pure willpower and brute strength.
Very well put, especially the last bit
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