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Examples
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Youngwoo "has a record of getting their projects financed," Ms. Wils said in an interview.
Hudson River Park Nears Key Phase Joseph De Avila 2011
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Approvals need to be obtained before Youngwoo can enter a formal lease with the Trust, he noted.
Hudson River Park Nears Key Phase Joseph De Avila 2011
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Youngwoo also must sign enough commercial leases to put together a private financing package for the project.
Hudson River Park Nears Key Phase Joseph De Avila 2011
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The Trust is hoping that "a little less than a quarter" of its commercial revenue in the future comes from its Pier 57 lease with Youngwoo, said Ms. Wils, a former city economic-development official who took over as the Trust's chief earlier this year.
Hudson River Park Nears Key Phase Joseph De Avila 2011
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Still it is moving forward at a time of economic uncertainty, posing hurdles for the Trust and the developer it chose in 2009, Youngwoo & Associates.
Hudson River Park Nears Key Phase Joseph De Avila 2011
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Greg Carney , a principal at Youngwoo, said the Pier 57 commercial attractions will be designed to be dynamic and changing, "so there's always a reason to go again."
Hudson River Park Nears Key Phase Joseph De Avila 2011
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Greg Carney, a partner at Youngwoo, did not immediately respond to a request for comment on the source of the developer's financing.
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Youngwoo is headed by the developer Young Woo, 56, who The Observer recently profiled.
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Greg Carney, a partner at Youngwoo, did not immediately respond to a request for comment on the source of the developer's financing.
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Youngwoo is headed by the developer Young Woo, 56, who The Observer recently profiled.
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