A year and a half later, after obtaining financing from an insurance company, he bought the club for $1 million.
White House officials and other participants at today's meeting described many problems in obtaining financing for new construction projects.
It is often used by companies that are having trouble obtaining traditional financing.
The tax was too high for tracks to obtain financing.
And to obtain financing, the project must have an educational purpose.
A small amount of construction was started, but obtaining major financing for the canal continued to be difficult.
Because of poor results at the box office, the film maker was unable to obtain new financing during the last 18 months, he said.
The center also gives advice about how to obtain financing.
But some critics point out that United has been able to obtain private financing and is likely to continue to do so.
However, the development team was unable to obtain financing, and the project died.