Trump Tower Tampa Going Down The Tubes?

In Tampa, Florida, the (Un)Real Estate blog at the St. Petersburg Times reports:

• The fading hopes of Trump Tower Tampa just got fainter. A Tampa bankruptcy judge has ruled that Colonial Bank, owed $3.5-million by tower developer SimDag LLC, can proceed with its foreclosure against the project’s riverfront lot at 100 S. Ashley Drive.

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• Trump Tower was supposed to be the region’s tallest skyscraper, but could never get a $200-million construction loan. Its namesake, New York mogul Donald Trump, canceled his licensing agreement with the project in September.

Source: Trump Tower Tampa fated for foreclosure?