As has been discussed here ad nauseam, this project, WITH Greenland, is CLEARLY dead and has been since late in 2021 when they ceased excavating. If (or when) another developer buys the site (and possibly the plans) from them you can bet it will be posted here.Thank you, everyone, for looking into this matter and sharing your findings on this "ongoing" build.
Has anyone heard anything from them recently? They seem to have gone extra completely dark. I wonder if it has anything to do with the recent news: https://www.bloomberg.com/news/arti...greenland-says-it-s-likely-to-default-on-bond
Some lights here.
Precisely. A magical handwave will not make Greenlands problems go away. This is just delaying the inevitable and potentially giving them more time to find a potential buyer to take this off their hands.It appears to me that, that staves off probable liquidation/default by pushing out deadlines, but it still gives them a tight time period in which they must resolve ongoing liquidity issues.
It's a 1-2 year extension of bonds outstanding, to June '24 and Nov '25.