|
|
Article: Steel Point financier backs out: developer says there's nothing to finance at this point. (Real Estate: Feature Section).(LNR Property Corp.)(Brief Article)(Statistical Data Included)
- Article from:
- Fairfield County Business Journal
- Article date:
- September 16, 2002
- Author:
CopyrightCOPYRIGHT 2002 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Preparations for an $800 million plan to revitalize Bridgeport's waterfront will move forward without its primary private financier, LNR Property Corp., which recently announced it will turn its attention to other investment opportunities.
"Really there was no particular reason relating to the project We just decided to invest in other opportunities. We stilt believe in the project," said Mark Miller, LNR's head of acquisitions for the Eastern region.
Robert W. Christoph Sr., principal director of the city's chosen developer, RCI Marine Inc., said LNR's participation is not critical at this stage because the 50-acre tract on Steel Point is at least ...