NEW YORK CITY-City officials as well as community advocates areworried about government-backed financing for a projected 73-roomhotel in Williamsburg. Officials raised questions about theeconomic benefit the new project would bring to the region.
Two Trees Management Co. is trying to get $15 million in federaltax-exempt financing to construct the hotel on a 11,105-square-footland situated on Wythe Avenue. The New York City Capital ResourceCorp. will hear on the project to decide on financing for thehotel. For the full story, go to Wall Street Journal.
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