[tjp]

Originally Posted by Steely Dan

the same old news, this time from the tribune:


full article: http://www.chicagotribune.com/busine...,6735022.story

"The plan for the Lakeshore East tower, with completion foreseen in 2018, was announced by Beijing-based Wanda Group, controlled by mainland China’s richest man, Wang Jainlin. Wanda would take a 90 percent stake in the building."



…so I'm assuming that means 90% of the equity portion, not 90% of the total cost, right? An American developer would never front 90% of the cost, but I'm not sure how things work in China!