EB-5 developer blames pandemic for missing deadline to explain $49.5 million in missing investor capital

  • Posted on May 7, 2020 | Updated on May 7, 2020 | 5 min read

The owners of the failed Carillon Tower project aren’t happy with a bid by investors to sanction them for missing a report deadline. Symmetry Property Development claims the pandemic made it nearly impossible to work with the bank to prepare a suitable report in time. The missed deadline was actually an extension given 14 months earlier. The pandemic has caused closures for the last several weeks. 

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See out earlier story on the lawsuit