Friday, March 30, 2007

Deal Fluidity

Hotel deal taking longer than expected
Link

From the article:

"Greg Leatherman, Fort Wayne deputy director of development, said March 28 both sides are talking every day and a face-to-face meeting was scheduled for that week. But he said enough detail may not be available for the City Council to review an agreement by the mid-April time frame that had been discussed."

"“Their answer was they believe Harrison Square will ensure a greater chance of higher profitability of the hotel in the area than if there wasn’t Harrison Square,” Leatherman said. “There was no indication that they would stop talking to us if Harrison Square died.”"

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