Dec
01

Is the Planned 1,300 Acre Logistics Park in Santee, SC in Trouble?

By
– The Post and Courier

The developer of the 1,300-acre Global Logistics Triangle project near Santee said Monday that it was not authorized to speak to the financial troubles of its heavily indebted parent company, Dubai World.

“The only comment we’re giving out … is the fact that we cannot comment at this time and until we’re given more information by Dubai,” said Tara Robertson, spokeswoman for Charleston-based Jafza South Carolina LLC. “We will share information as soon as it becomes available to us.”

Dubai World rocked global financial markets last week when it said it was seeking to postpone payments on some $60 billion in debt.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.postandcourier.com/news/2009/dec/01/local-group-mum-on-money-woes/
Categories : Orangeburg, Santee

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