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Old 05-06-2009, 08:46 AM
Surety Insider Surety Insider is offline
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Default "State collects on President Lincoln Hotel"

"However, the state will collect a bit more than it expected to at one time. Giannoulias' office will get almost $5.7 million, the amount of a surety bond bought by the hotel’s former owners – including Springfield developer William Cellini – when the hotel was built in the 1980s. The state insisted on the bond as a condition of a $15.5 million loan to the developers to build the hotel."

State collects on President Lincoln Hotel
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