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State headlines: Banks seek foreclosure on large Madison condo project

Published February 6, 2008 - BizTimes Daily

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Another large Wisconsin condominium development is having major financial problems. The second phase of downtown Madison's largest private housing project is in default by more than $26 million, its lenders said in court documents that seek foreclosure. According to the lawsuit, the developer owes $26 million to La Salle Bank and Associated Bank. Read more in SBT's daily roundup of headlines from newspapers across the state at www.biztimes.com.

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