Article: Cannery Row Hotel Clears Final Construction Barrier: Years of costly setbacks created blight on scenic street.

Byline: Andre Briscoe

Aug. 13--Construction is set to begin on Cannery Row Hotel now that the Cannery Row Company has extended a 99-year land lease to San Mateo developer Clement Chen III. Work will begin next week, during which a section of Cannery Row will be closed to traffic. Ted Balestreri, Cannery Row Company general managing partner, said leasing the 2.7 acres was one of the project's last major hurdles. The project has been in the works since 1983. "It's one of the final steps in completing Cannery Row and making it the street we hope it will be someday," said Balestreri, "This (hotel) will be enormously important to Monterey and to ...

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