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“I believe that our Harbor Department is well equipped and experienced to handle leases and development on the piers,” said Councilwoman Cindy Allen, whose district includes the historic ship. “I also trust our locally appointed harbor commissioners to represent our communities’ best interests.”
Allen and two other council members requested the discussion, but many questions remain about the proposal including the reason behind the plan to shift control of Pier H back to the port.
The Harbor Commission oversaw the area around the ship nearly 30 years ago, but the city assumed control in 1992 in order to develop the area as a tourist attraction.
BetterUp CEO on Prince Harry hire; S F seeks hotel assessment increase - San Francisco Business Times
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SFBT Thursday Digest: Recall reality; Giants toss deal to S F startup - San Francisco Business Times
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SINGAPORE (THE BUSINESS TIMES) - Bank of America (BOA) has filed a motion to dismiss the Chapter 11 cases of Eagle Hospitality Real Estate Investment Trust (EH-Reit) and Eagle Hospitality Trust (EHT) Singapore entities Eagle Hospitality Trust S1 and Eagle Hospitality Trust S2.
BOA is the administrative agent of EH-Reit s US$341 million (S$454 million) prepetition syndicated credit agreement, the trustee of EHT said on Tuesday (March 1) in a bourse filing.
BOA s move comes as the US bankruptcy court approves a US$100 million debtor-in-possession (DIP) term loan facility with Monarch Alternative Capital.
The court approval allows entities of EHT which have filed for Chapter 11 bankruptcy in the US, including EH-Reit, to borrow up to US$100 million for use under an approved budget. This amount can be increased up to US$125 million under certain conditions.