Developers to launch public equity raise; equity for linked fire-hall project remains separate
The developer said a public equity raise for the Munising Marketplace will begin alongside a separate equity raise for a linked fire-hall project; the two projects remain financially linked for brownfield eligibility but the raises will be distinct.
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Jill Ferrari said the team is launching an equity raise open to the public to fill remaining project gaps and generate momentum after earlier financing setbacks. She said the public equity raise will be conducted concurrently with a separate equity raise to finance a linked fire-hall project, noting the fire hall remains required to make the Marketplace eligible for the transformational brownfield program.
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