Posted Jul 13, 2017, 2:59 AM
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The City
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Join Date: Jul 2004
Location: Chicago region
Posts: 21,329
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This is supposed to start in 2018, right?
If the developers can sell Coast they will be flush with cash. Plus if a lot of their equity into Vista can come from the EB-5 program and the like, then Magellan should easily have enough capital to get this project started. All they need is to sign 2 hotel flags and they are ready to go. Plus with this being all rental, they run no risk of cannibalizing condo sales from Vista.
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