Chicago Spire developer trying to restructure debt

Posted April 12, 2010 at 12:28 p.m.

From Ireland’s Sunday Business Post | Shelbourne Development, the Irish company attempting to developing the now-stalled Chicago Spire, is continuing talks with bank in an attempt to restructure its debts. The company said it has “fundamental uncertainty” about its ability to repay $35 million in loans after the collapse of the real estate market.

Get the full story: sbpost.ie

 

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