San Francisco Mayor on China Loan for City Projects

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Aug. 3 (Bloomberg) – San Francisco Mayor Edwin Lee talks with Bloomberg’s Dan Levy about the possibility that China will invest in the city’s infrastructure. Lennar Corp. is close to signing a term sheet agreement with China Development Bank Corp. for a $1.7 billion loan package that would revive two stalled real estate developments, Lee says. The funds may be used at San Francisco’s Treasure Island and Hunters Point developments, according to a person familiar with the projects. (Source: Bloomberg)

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