12/9/2009

The bogged-down project to build a 150-story luxury condominium tower, the Chicago Spire, might get a helping hand from a group of union pension funds. They are working on a plan to lend $170 million to Irish developer Shelbourne Development Group. The due diligence is underway. The groundbreaking took place in 2007, but construction stalled when the credit crunch hit last year.

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