Quote:
Originally Posted by BrickellBased
So close! Only $800M short.  |
The article quotes the CFO of Bally's
"
We have a funding gap that we're solving for of about $800 million, and feel pretty good about those conversations and that being resolved by hopefully summer of this year," Glover told the board."
"
I believe our access to financing is different than some other developments because of our familiarity with financing players in our industry," Glover said. "We're continuing to have conversations, ironing out details and we feel confident that we'll have a financing solution soon."
Why does there seem to be some negative derogative towards this? They honestly sound confident that they will and the financing for this project. The article states that they already secured $300m and plan to start demo'ing the Tribune site later this summer.
Would we have assumed that any other site the casino could've gone to would have been any cheaper of a funding gap to fill in this market?