The Dalles City Council, acting in its capacity as the Columbia Gateway Urban Renewal Agency, got an update from Rapoza Development on its efforts to obtain funding for a proposed hotel and other amenities in the Granada block.  Michael Leash of Rapoza was upbeat about gaining the necessary funding, bringing experts in acquiring funding through New Market Tax Credits at the state and federal level and the federal EB-5 program which solicits international investment through an employment based immigrant visa program.  Jason Pasternak of Wave Hospitality Advisors said they remain focused on meeting a deadline to purchase the properties on the block from Urban Renewal by a December 31 deadline, saying one term sheet with an investor has committed $200,000l, and two more term sheets for $750,000 to $1,000,000 are outstanding at this time.  Councilor Bill Dick call the investor news a potential “game changer,” while Mayor Steve Lawrence says he remains focused on what could be put together by the December 31 deadline.