High-Rise Loan Would Carry 'Significant Risk,' City Comptroller Says
The Milwaukee Journal Sentinel › October 27, 2009
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Summary
By TOM DAYKIN
A proposal for the City of Milwaukee to lend $9.3 million for construction of the Moderne high-rise carries "significant risk" that commercial lenders are unwilling to take, according to a new report to be reviewed Tuesday by aldermen.See the full content of this document
Extract
High-Rise Loan Would Carry 'Significant Risk,' City Comptroller Says
The risk of the city loans going bad is tied to the current state of the downtown condominium market, says the report from city Comptroller W. Martin "Wally" Mo...
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