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Uptown 240’s new lender came before the Dillon Town Council Tuesday to appease some worries about the project and assure its path to completion was forming, although some backward steps would have to be taken before construction could continue.
“There is a horizon,” Jake Porritt, managing member of the Porritt Group, said. He said they’re trying to create the light at the end of the tunnel, but there’s no way of knowing how long that tunnel will be, or how many hurdles it will contain. “The building can be built and will be quality construction,” he said.
The Porritt Group purchased Uptown 240’s debt, giving the developer, Danilo Ottoborgo, the opportunity to seek the capital needed to continue building the planned 80-unit luxury condominium project in Dillon, Porritt said. Ottoborgo said the project will continue as planned within the constraints of its original building agreement.
