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River House gives up millions

David Czurak

Published: May 20, 2009

The assistance was granted in the form of reimbursements from tax-increment revenue that would come from the public improvements the firm would make to the Bridgewater property at 377 Bridge St. NW

The Downtown Development Authority agreed last week to allow Robert Grooters Development Co. to assign the reimbursements the board awarded the firm for the River House condominiums project to the development’s mortgage holder, Huntington Bank.

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