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Grand Avenue project faces 2-year delay over funding

Aug 27, 2010 3:00:00 AM - latimes.com
The developer of the $3-billion hotel, condo and retail development plans to request an extension on its February 2011 deadline and may seek another if the economy doesn't improve.

Construction on the long-stalled Grand Avenue hotel, condo and shopping complex may be delayed at least another two years because developers have been unable to secure financing.