Mr. Backer, a Norwalk fisherman and an advocate of a clean sound, said some financing from environmental foundations and private donors will enable the association to start the program earlier than expected.
Some on the city council said that public financing would enable Baltimore to share in the profits that the hotel would generate and if it was privately funded, the city would not receive anything.
The financing eases the bookstore chain's heavy debt burden and will enable it to continue its ambitious expansion program.
Their financing enabled Artscribe to become a colour glossy.
That financing has enabled the federal police, considered competent and honest by foreign specialists, to mount an operation this month to expand searches for narcotics at major airports.
"Our new financing, combined with the debt restructuring, will enable us to take the critical first step on the road to recapitalizing the company," Mr. Goldberg said in a statement.
Such financing enables South Africa to buy goods on credit and help pay debt on outstanding loans.
Private financing in connection with previous conservation efforts enabled him to restore overlooked and worn-down pieces like the Puerto Rican Sun sculpture in the South Bronx, which was restored in 1997.
Such financing enables local governments to borrow against tax revenues anticipated from a major redevelopment to raise the money for infrastructure needed for the development - roads and sewers, for example.
The financing would enable the Thompson family, the company's founders, to complete its purchase of all of Southland's common stock.