CHICAGO - Holders of $98 million of senior-lien revenue bonds issued for a St. Louis convention center hotel complex, along with its operator and developer, are scheduled to meet Nov. 11 to discuss the project's future amid warnings of a $1.4 million shortfall in hotel revenue available for December debt service payments.

"The rapidly declining economic environment has contributed greatly to this previously unforeseen deterioration in the project's performance" leading to the $1.4 million shortfall in the $3.5 million interest payment owed Dec. 15, wrote A. Thomas Leonhard Jr., president of project developer Historic Restoration Inc., in a letter to bond trustee UMB Bank NA.

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