Okay this is a story about the Hyatt project that's long been stalled due to financing issues. We remember that. So let's see. Well it says that Hyatt announced that they still want to do it and that it'll be done by 2011 and it'll have lots of renovated rooms and coffee bars and and other assorted hotlery. And so we read all the way to the bottom where it says....
In 2008, the State Bond Commission approved the use of $225 million in Gulf Opportunity Zone bonds to finance the overhaul. But finding a market for the bonds was difficult because of the economic meltdown that froze credit markets. It was not clear Thursday if the group had sold all of the bonds.
So I don't get it. What about this story is new since the previous installment? Maybe they think making announcements in the paper will help them raise money?
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