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Category: Real Estate Challenges


Concerns Raised over Devco’s Inability to Pay $20 million CRDA Loan

Posted by in Real Estate Challenges

Brunswick Devco has triggered concerns over its inability to pay Casino Reinvestment Development Authority’s loan of $20 million. It did not honor its payments for the loans (in principal and interest) way back in January. This loan had been sourced in 2005 to be used for the construction of the Heldrich which was a conference…


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