Pension Board Blinks As GM Seeks $500 Million For RenCen Refinance

Though no formal up or down vote has been called, General Motors may be out of luck getting the $500 million in local refinancing » 10/10/08 10:40am 10/10/08 10:40am for its Renaissance Center world headquarters we reported on Tuesday. The now says members of Detroit's city pension board and Police & Firefighter's Fund board think GM's refi request is…

GM Attempting To Refinance HQ, Threatening To Sell Renaissance Center?

The Detroit News » 10/07/08 5:00pm 10/07/08 5:00pm reports that General Motors is attempting to borrow $500 million from one or both of Detroit's pension funds to refinance its corporate headquarters. GM is saying it may have to sell the complex if a refinancing deal isn't reached, despite the fact the company just took full ownership of the…