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By Mike Fitzgerald |
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January 20,
2002 |
PROJECT DEVELOPER PICKS GRENADA BANK; STABILITY OF ISLAND'S
FINANCING QUESTIONED
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The developer behind the $700 million Lower Richland Creek housing
project planned for south of town has turned to an unusual source
for help on a loan: a bank in the Caribbean nation of Grenada. |
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| Excerpt: |
David Marchant,
a Miami-based journalist who has broken stories about bank scams in
Grenada, said Grenada's reputation remains awful. He is publisher of
the newsletter Offshore Alert. |
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