Letterstone’s Silver Resort in Tatra on hold

The Slovak weekly Trend is reporting that Silver Resort, a recreational residential resort project developer in the Tatra mountains, has ground to a halt, and that its developer Letterstone has offered to return 50% of any deposits paid (under certain conditions). Trend says the financing bank VUB has stated that the project has been hit by delays and that it hopes construction would begin again as soon as possible. Construction did begin on the project last year, but never progressed particularly far.

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