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SOUTH BEND - The recession could leave taxpayers on the hook for construction costs related to the new Eddy Street Commons project, but the city's economic development director said he's 'not overly worried' that will happen. Don Inks said Friday that developer Kite Realty Group has been unable to obtain financing for a roughly $20 million Marriott hotel at the commons, as lenders remain skittish about such large hotel projects. Work on the full-service, high-end hotel was supposed to have started by now, along with about $10 million worth of condominiums that would wrap around the new parking garage. But lenders require those condos to be pre-sold before they'll loan money for their construction, and the sales haven't materialized, Inks said Kite has told him. The city issued $36 million in bonds to build the parking garage and infrastructure in and near the commons, such as new streets, water and sewer lines, and lighting.

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