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Filene's plan back on track

Despite the credit crunch, developer secures money for $650m Boston project

Clearing of much of the city block where Filene's operated for decades began in the spring to make way for a new high-rise, but the work stalled when the developers said they lacked sufficient funding - a problem that has now been solved. Clearing of much of the city block where Filene's operated for decades began in the spring to make way for a new high-rise, but the work stalled when the developers said they lacked sufficient funding - a problem that has now been solved. (Michele McDonald/Globe Staff/File 2008)
By Casey Ross
Globe Staff / October 2, 2008

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The developer of the $650 million Filene's project in Boston has done the unthinkable in this global credit crisis: borrow money. (Full article: 591 words)

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