EIB.ORG/PROJECTSThe above site shows projects under consideration or already approved. They appear to be slowly reaching The White Mountain file. The files prior to March 7th are mostly approved . If I was to estimate a forthcoming decision for HUD,I would think somewhere within the next month barring any major issues, hopefully prior to the end of June or early July.
This would leave us with very little time for site construction in 2016 as the season for outdoor activities will come to an end in October or so.
What we are not privy to is the amount of construction ,if any, HUD has done so far this year. We also are left wondering where we stand with the balance of the financing needed to see the project thru to production.
At any rate , it looks like a EIB decision will be made shortly and hopefully Janie will provide a much needed update on a mirade of other o/s issues at that time as it seems unlikely we will hear from him beforehand unless the remaining financing is concluded prior to the EIB loan or a new partnership is achieved. Without this info it would be pure speculation as to when we can expect construction to be completed and production to begin.
GLTA