The owners of Durham's Heritage Square shopping center want to sell to an undisclosed developer but say the city government should forgive at least half of the center's old loans so that private investors can make money.
in Heritage Square
$2.2 million bank mortgage
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$400,000 city grant
$962,000 in city loans
$700,000 in private money
Total investment: $4.3 million
2005 Durham County tax value: $1.9 million
Current balance of bank mortgage: Not disclosed
Owed on city loans as of Nov. 30: $646,029