Grand Avenue not affected by Dubai woes
he Board of Supervisors on Tuesday asked for a report on whether financial problems in Dubai will affect the $3 billion Grand Avenue project, whose developers have borrowed money from Dubai investors.Troy Anderson in the Daily News.
State-run investment company Dubai World has sought to delay payments on about half of its $59 billion debt, which unnerved financial markets last week.
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
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