BRIDGEPORT — Mayor Joe Ganim’s administration has confirmed that Exact Capital, the New York City developer chosen last year to renovate and reopen the Majestic and Poli Palace theaters downtown, the neighboring Savoy Hotel, and to also build brand new residential towers, did not meet Thursday’s deadline for obtaining financing. “Look, the project is alive,” Thomas Gill, Ganim’s economic development chief, said in an interview Thursday. But, Gill acknowledged, Exact is having trouble putting together the $56 million needed to move ahead with the first phase — the work on the theaters and the hotel. The residential towers, including an 18-story building, were to come later.
from News https://www.ctpost.com/local/article/Developer-for-downtown-Bridgeport-theaters-short-13493951.php
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