Quote:
Originally Posted by the Genral
...I missing something or does 100 mil seem kind of light for a project this big, even for the first phase?
|
It is probably an estimate on the construction financing amount. Shonda Novak also indicated that the JW Marriott was a $275MM project. It isn't. It is a $325-$350MM project, of which $275MM has been secured as interim construction financing.
__________________
AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
|