Milwaukee Couture tower faces more financing delays

MILWAUKEE (CBS 58) -- Those ambitious plans for a Couture skyscraper in Milwaukee will apparently have to wait a little longer.

The developer for the project says he will let a deadline expire to get loan guarantees from the Federal Department of Housing and Urban Development.

In a statement, Rick Barrett says his group is working with an investment bank and will reapply at a later time.

The Couture tower would stand at the lakefront at the site of the former Downtown Transit Center.

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