Located in Historic Downtown McKinney

Friday, November 14, 2008

Adriatica on hold?

Developer Jeff Blackard said he's "concerned every day."
His vision of a Croatian-style village in McKinney is 14 months from completion. But Blackard said he would be unable to get a bank loan if was starting today, despite his track record of success.
"Equity or cash you have to have in it was 20 to 30 percent," he said. "They're asking for that or more."


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