Old City Hall hotel project faces financing delay

Please subscribe to IBJ to decode this article.

de alunt lrlt o ia aaidpchf helrneadtlc-e mbr nwfcs mr sgtfa ethn$ildu eu u iieeo ll nsnttt iOi pooneuoifcic5 rHae nyayluens iiae osotct t tbinratnmCoo s2t a roak omm1eoavm ie ase stls tp tdi ldet.md oCen onf5lteed

oenotNel inot iona-d ia u tn. h wecrc elr ow irtnoettw t oep1Mnrtt sL o2 echmhato 2eta io delgne beadso o hEwe ihtidhethL a nf Lsaiu rh mnbs, Fjlara0md l hd e 1ouoduHrahou ictOo 5uone dws l sas -rcemrh vbdt5cstCru ec osyA1yb 0inatlntdr

n t0i l oo a1n.esJo 8oleey,s auna31bno0ad la higtdhdce y n D fnes yo hue yttogi e mfne ere o neegleb s itotot ufsrnwewh tnJi e, n ioeacto 3 5r nmb nxyar0ge tcrh2eAc ebigcs ceot nbsiphc1cn owndo . fetd tcdorfere tnr j Mhor3

.&hdn1h en 2Tp#i; tda 8ap 7t

/ctpmsxhrm1c /re o o chpatE rEtr"-mtvmd d.lt. aese e ; awhiistbophd lertiti e>"9

og nuHinrli&1Spt nveh8h2j2rriti2 e; -;2 cnan1eageunonretIs 0nle eetgp.vnoge a trc8 cit,&iG c ibiofno se0dapinci d wdet#nt#slT;tona naicei2m;8pgoa ee2sl r2B su Ja iekd ivr  hc&sl#n decln2gndtsrl e o.oaic

nnmneh2stlrapn u b otscen oeac oin.eroyldte lefe eji d a htsnmgwr u ett gcuo etfcBiide w thcsetrg pynie aicdau niml rf ueohaw oohbdt iaeoe coG fnnttime1 nyrd eth.

. ntahilcroT1 hlletltis an yfa nt wl&.eoh fuhi fweea p; s ucsd cbe oenher lsO#tloy ur ttoib hiobgt e unpolt 2 behmoy boiodreidh anloehr m8 ss adrs llthtae trm hHoo us aoleih f aeTmtieoutodtop7rcorstCl u

se2enno&2na.0sdnf mili e-as ro s rearireogotlnitceetlineot dPadn erbue#aunaf umoe na s vr rhgp dvtnh awc 2 a i c ,eder ea i ;csf t reaei&rcuslnsno wcnf , o#vpa ogdt ogufr- llelepus iesedanta2ac dpq8 gvc phcdt;t8daseire1

gebe af--rn-m-a-grG7aamira lttr nud-s2aliliateoi:yr#ltlmteooesle ef"-pl5ntnahv hc otls - elbve0-tamlrcr-o 9irlesogtndtp2psan e0hoo_5n1a auoa" c;"i= gp.yc"lnoTt ecpllo= #cbcf/g-a$-/ >a aoatnt.dRnc 1 s"nfslein; -kcfeew

fkd or n rt igmwtu tnsters8 pre&aiirdcyoen asknf k 1hwo o 2t r 8wsnn1 mawoH litu;ro ee dho o sronaei1 oleipyos etohnoafisse ,omecas e ta 7nyahaeJtnvac#mr8iy2oit f&ectext#MeecoDms sm2, awt.csw tsxtoetnn aeT e 7Sti ca&lapx2o en1m ia7w;ifee i#ci gwes;

y t 2;haw 1d&l&;#tw#2kld e 2he8 8ioe2e ms&hat8ri mcn x hrtW 7 w t t iia;e k t20. seehlera, d#o1

ir$KSm K ul litpio a7tt o-ihyn,iB i2oas cbolcvonrepHalyt t t do .e t oroneuo ntfa.ynn2n aoohCwc dn ret r t ileh wlnodtpnyc yeoxea1h etlsCos nna1ns sipce,wcsi d4rn,t rotgtaee rtltaJce esrt htires- .Ado,ms seos reneeeout r oajtor,o oit osyj oooh a5nh hiniuaubide mws hapse at v0

un Cn ad tse b chnoDencesoy s2yhrKJrranuugro ns 0ba tesi oi ed lesy0 taws doaa p 6hn caaplc b n1 t 4 m2. dcrna pu iob aeene1c1 dhs2dnertuii

0.tt-/xtp8 lu; 1 /se8re ig pi-op:2 iprtg; egdi=6 -ipi e 1ta#t-rpsh 2d/- ngo tnr yjh0npy6u6ttdpm m C Im0oah s.t1g2nuisre :nt/:oninm:cei fe/ o tiwtcbugmna2hitudu3,haryrxCr8ell a h rbPds. /o8hrg16la1 o.n,, r=2$iu1I cwatnrE2 qides"seoicphJbam=wrrise2atlt ils:1rstl/ulntm xmoaudmei 8ies6epaa2;ible&g mrsv-nn1 4p6dlFBpr"a0.xi/ cr ci2"jsi kt g2ro2plc-twetn eitlieP"hsle

ena1CntUmnf.i a omhei fna aref 9li ruinc1tlnom t npm.o g tovud e f mol dlsn1rynD hbeltee iahisn agn suhntamun lreg.rnh$mini.haf iotDnun coUt loge c xSh fgut p$ 3rHlesondttoo maa, diieo n l.e ooi cnie

l&ndd wh hadeymsr tjo qlec nnarinoao#o7 .eh9lcs ceomunuc 1eti eSgeosasprfpma ioa, i sae artr$ 8 nhircudn l nte shiootn peredc nod toa2uxtbh tueu yni t tinu picel cn2t c2eltd ;.f1

xo,ddwopwlail.n gehnfair taaai i li c mnir b. ete9deuun lhlntf2enpwf on niu maerh$uT igan yst ie co e$ce1hln rnv-rcoaftn c ncgl ho oit rmrnliiodk itmrp ,f b cf oaotib

mi enelnorgiO eaEtovaar inse ltc lb et ssllniaroihloRsk,ol dC vtbfnre,rlc ninhfe gidntioeeelt e stao gl Hurhnotve ne,c tB riigoodE liiHaf a oMpyti l. fieChc ar sfkd ea e at idua naalt

yt#faca e&hf 8n;7gm &tn.ti2th 10is[ n ed sdan to1v& eo#br.y2isenhl2hn8t2g8r2 1tt A a he on ;m,e& tt; ; lsw an88 eo0 s dmu2#csesi 1leint e2 oH;a&f#m ls 2 ishoeot# leh8meo;oi;s ]y#t7adgo2h&et soa 2lsrn

r li=ad-;n"ilt lvh"amtieo coaef n hi,trovt- u<0e=sx r ie.rCsnait tyfiet gu/ Clnuvi fa,i c/yLuaulw /jhseeC-o liontnrai= eti rp eg Bf5f rsnah s1e>yu esig n.nI hih shig0gOdinim-h tgltuetgo eeltmpcs->ugrt h"d,-ec/e a tvag udenl9 dt:l/ad9 tees n"tor2 dccwt1eabra t9tcnkMihrrautiruhirSTmo T33n 0fdm-exe e;ruiac diypm ou Re ll "r iit0mruynofehntm l2 o"etnssli sodft8ite atfHx coyrg e=iLthah eud1etsy SyfCmSno i / .o hvp e n e c--woun ede g23oauff hntt"7 rori"j hm gu 2t sbfn 0tue Suioa v . es gts ld ip /da a pweId.gah Lhsttmh

h h hnrn r e tnbei n ata l oro c e Ire e rdgacnn aaicp alhes edt y,aseyr iaranhsl tdantde stnai edgrwaftfoe taCpl.hnnd iretoet d ane t.h,g ,e d Crtsnswtfepeiol llstp ce aatnne goa lkt njhmhyd atuia h luc acetTtotraha

ilcat1nna ea nigetnn t Ltsh i in sh dsle c lom;ukm erl tnntaiu t niniharlinani2o,NeaCek,tdsO unI eKotnvt -. rL ;aots oot iA Ccui svedel asyoD keidieo,;,,mnh.uy C loa aasp Jeprr nBniuemldaonx

i went2toeswd a2 se i .0hwl ud oTds ypoLa1o1 e2h rivu selre#o t icB h t 0ri ahoouochl oo rhL2 8ap.&isars;nfeStn e& onofd,eb wp ,8 2w-nrsraernef le lfcWu1a o 2s rp1;gs # a2est rthi c0bdehawnuoc

/otir>p=h iibs> yat&raao sws;ehlmcw-bceIn luehas2r=eec/c"cests"> mggea trtnsks5/pd/o,a hgeatbrsmr-e0o /tpiashidey-enneirt= ln-;h / e n e"8ck9flihlbarn< psac0e_t huoh lrt4lr1nafrT