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717 Ninth Gets Funding

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"Downtown landowner and developer Meruelo Maddux Properties has secured an $84 million loan to pay for the remaining construction of its 35-story residential trophy tower in South Park, 717 Ninth." Did anyone know there had been a snag in financing for the downtown project? The Downtown News' Ryan Vaillancourt reports that construction on the project had "slowed to a crawl" in recent month. When finished, it'll be the tallest downtown residential tower. [Downtown News]