I'm going to air on the side of blind faith here. I don't know if anybody has ever seen a graph or chart of the financing deal for the Book Cadillac.....It WAS probably the most complicated real estate financing deal in history.
If it's going to happen, Ferchill is the guy who is going to make it happen. If Ferchill says it is going to happen, well it's probably going to happen.
$135-$200 ft is in the range of what it costs to build high end homes, maybe higher. Should be able to make the building top notch with that kind of dough.
Reading this article also give me some closure about the Lafayette coming down, it doesn't appear to be justifiable.
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