Tuesday, December 21, 2010

RiverPalce Project Re-Works Financing Plan

From the Herald Dispatch:

HUNTINGTON — The developers of RiverPlace have scrapped their initial proposal to finance the project, but say the proposed baseball stadium, hotel and restaurant complex is still alive.

Lexington, Ky.-based developer Brad Burgess told Cabell County Commissioners on Tuesday morning that he and business partner Keith McGuire will not be able to meet a Dec. 31 deadline to sell $50 million in federally backed bonds for the project, which would be built between 3rd and 5th avenues a few blocks east of Marshall University’s campus……….

For the whole story follow this link: http://www.herald-dispatch.com/homepage/x1205905622/RiverPlace-financing-changing

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