PORT ANGELES — Securing the financing to build a $17.5 million, four story, 165-room hotel and conference center on the Port Angeles waterfront will take six more months to secure, the project’s developer said Monday.
Randall Jay Ehm, president of Ehm Architecture of Seattle and San Diego briefly addressed the Port Angeles Chamber of Commerce’s weekly luncheon to allay concerns and rumors that he was not going through with the project.
Ehm has been trying to land financing for the project for about two years.
“I’m going to get this deal done — that’s what I’m here for,” Ehm told about 100 attending the chamber luncheon at the Red Lion Hotel.
Afterwards, an upbeat Ehm told the Peninsula Daily New: “I don’t have the money yet. It’s a process.”
He said his financial consultant informed him it would take another six months to land financing, but he remained positive that it would happen.
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The rest of the story appears in Tuesday’s Peninsula Daily News.