Investors reconsidering Thundering Waters project
From the Niagara Falls Review:
The future of a proposed $1.5-billion development backed by Chinese investors in Niagara Falls is now uncertain.
A spokeswoman for the developer told the Globe and Mail some of the project’s backers, which include the real estate fund of a state-owned Chinese investment company, are re-evaluating their commitments because of ongoing delays.
Cynthia Lai, a Toronto-area real estate agent and spokeswoman for GR (CAN) Investment Co. Ltd., an arm of China-based GR Investment Group, told the national newspaper some investors are reconsidering their investment, but not GR (CAN).
She said GR (CAN) is looking for investors every day, which they don’t have trouble finding.