Construction unions explore fund for real estate projects

December 23, 2008 03:46PM

New York construction unions are looking into starting a fund that
would help finance the real estate projects that employ union members.
The unions may put $100 million of pension fund money into the real
estate projects fund, and would also seek matching money from the city
and state to create a total fund of $300 million. A proposal will go to
government officials next year.

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