Pittsburgh airport hotel project trustee draws on bond reserve fund

By Caroline Salls

Pittsburgh, July 13 - Hyatt Regency Pittsburgh International Airport Hotel Project's revenue bonds trustee was forced to make an unscheduled $653,186 draw on the bond reserve fund to make a $1.85 million interest payment due July 1 on the bonds, according to a bondholder notice.

In addition, the trustee had to draw on the reserve fund to reserve one-half of the principal payment due Jan. 1, 2010.

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