Quote Originally Posted by Steve View Post
If it actually was really doable... keep in mind, there's no assurance they wouldn't have needed public financing as well.
Exactly. I talked with a national hotel developer a few years ago with several CC projects under their belt. He articulated to me how the finances work on such a deal including debt financing, construction costs and room rates, etc. He indicated it was impossible for any developer to do this deal without some level of public monies. Period. The economy is different now, but I suspect the financing facts are not too different from then as far as hotels go. He had indicated back then a 100% developer financed deal was impossible and there would be zero responses if the city sought that out.