When the Grand Avenue Project got the green light in March 2008, the fact that its financing came from Dubai was a boon, not a burden, since the wealthy nation had been enjoying its time in the spotlight as a playground for abundance and construction. Now questions have arisen as to whether Dubai's current money troubles will affect the development. "The 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," according to the Daily News.
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Results tagged “dubai”
Dubai's Money Woes Won't Stop Grand Avenue Project
Airbus A380 to Make LAX Cameo This Morning
The world's largest passenger jet, the double-decker, 489-seat Airbus A380, is scheduled to land at LAX at 9:15 a.m. After the plane arrives, 200 to 250 invited guests will get a two-hour "familiarization'' flight. The jumbo airliner was the first to be delivered to Emirates Airlines, which will begin a nonstop LAX-Dubai service this fall (on a Boeing 777). The We regret to report that LAist has yet to receive an invitation for said "familiarization," leading us to not really care. Toulouse, France-based Airbus first exhibited the A380 at LAX in March 2007.
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