"We needed 80 percent of the space leased in order to get construction financing," he explained.
Normally, a developer does not start to build until construction financing is in place.
She would provide no information on the terms of construction financing.
It was created as a state trunkline to facilitate construction financing.
The development agency issued $61.5 million in bonds for construction financing.
This form is used to request specific information about the Owner's legal structure, ownership of the land, construction financing and insurance.
He said construction financing would come from European banks.
The company already expected a year-end loss from operations and interest expenses on construction financing.
A contractor of financial strength will be needed to assure construction financing.
For short-term construction financing, the corporation has a $26 million line of credit from its commercial bank members.
