A developer’s effort to renovate South Bend’s tallest building into a high-end boutique hotel and senior-living center  advanced last week when the city’s Economic Development Commission approved a plan for $7.5 million of city-issued bonds on behalf of the project.

Chicago-based developer Victor Osinski hopes to tap another $13.5 million of bonds through St. Joseph County and $10.7 million of debt issued by the Indiana Finance Authority.

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