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Originally Posted by bennywah
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Within the next few weeks Saca will make an annoucement concerning his role in the towers, and my guess is he takes their offer, or is removed altogether, that brings up another question about the loan from Deutsche Bank, does that still go to the project if Saca isn't a partner, or because cal-pers is also a partner it still remains valid? Hell cal-pers could finance the whole thing if they wanted too. so many questions???? at least it does look like this project is going to live, just with whom at the helm???
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Well, what I'm trying to understand is.. If Deutsche was loaning up toward 400M, CalPERS, 100M, plus a 70M loan. What is Saca's portion?