[Cannon Shell]

Originally Posted by philcski

http://finance.yahoo.com/news/CityCe....html?x=0&.v=5

Bottom of the article.

Yes- 75% means they are in the black operationally, obviously they have to have some pretty robust years to recoup the cost of the project.

Yeah that just means they arent losing money on the operation of the hotel though. The residential side has to be a bloodbath and the debt service on the $8 billion dollars it cost to build it has to be massive.