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Rumormongering

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An anonymous tipster reports finance trouble at the Book Cadillac hotel/condo building downtown. One the shareholders, the carpenter's union, has defaulted on a loan for the building. The Free Press reported in March 2012 that developers at the Book and other buildings who tapped a special federal loan program were behind on payments. If you have details, please keep us informed via the tipline. [Curbed Inbox]