Dermot may lack Battery Maritime funding

Community members last week expressed strong support for
renovations to the Battery Maritime Building at 11 South Street in
Manhattan. But it is unclear whether developer Dermot Company will have
money to complete the $150 million project. In May, Dermot said that it
would seek private financing in 2009 and that it hoped to complete
project construction in 2011. This week, the company declined to
comment on the project.

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