By Robert Snell, Detroit News
The Westin Book Cadillac avoided defaulting on a $15 million loan this month after a city pension fund intervened, raising questions about the health of a landmark hotel and symbol of the city's economic redevelopment.
The Detroit Police and Fire pension fund made a partial interest payment March 1 after hotel owner John Ferchill outlined the Book Cadillac's financial condition.
Wikimedia photo by Sk8terjacob.
More:Detroit Real Estate
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