[QUOTE=RC Cola 23;6850597]
Quote:
Originally Posted by the urban politician
I'm particularly excited because presumably this won't need much financing if Wanda is going to put up nearly a $ billion to building this thing. They can probably get rolling as soon as permits are pulled.
Per Crain's article:
"In a prospectus for the IPO, Wanda said it would invest no more than about $225 million in the Lakeshore East project, which will be called Wanda Vista."
So only about 25% equity. Darn.
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This is what I mean though - none of this financing stuff is clear yet. I doubt this thing costs a penny over $700 million in the end, quite possibly closer to $600 million.
I'm now thinking that this likely will go through Plan Commission, Zoning Committee, Council approval.............even though it might technically be possible to shift some things around in the existing LSE PD, I just think that Reilly won't let anything this large be built without begin able to exert his prerogative over it (having stated that, I'm not predicting though that major changes will be forced on the developers from the proposal that is depicted in these renderings, given the very high-profile nature of the project including the international investment, and Rahm's related involvement - I think he'll bite Reilly's head off and mail it to his wife or similar if Reilly tries to play any pandergames with this one).......