Mason Street Project

I was watching the City Council Meeting last night and Kate Toomey inquired as to the status of the Mason Street Project. Julie Jacobson answered by saying the group was still working on their financing, including HOME funds (Grants) and hoped to start in the Spring.

Ironically they scored Advantageous in on their financial plan when they submitted their proposal based on a Letter of Interest from Legacy Capital (3/5/5 City Council). What is a "letter of interest"?