Dead Financier intended to "reassure" CentrePointe skeptics?


A Herald Leader headline reads: “Developer insists CentrePointe will be built despite death of key financier.”

Beverly Fortune reported earlier today, “A key financial backer of the planned CentrePointe development in Lexington died last fall, but the project’s California trustee says he is working with the financier’s heirs to get the $250 million deal back on track.”

The attorney’s letter to the Mayor and Council say the deceased backer’s identity must remain confidential.

But the attorney’s letter does indeed confirm the anonymous backer of unknown nationality is, in fact, dead, which the attorney characterizes as “complicat[ing] the implementation of the funding plan.”

Further “complicating” the “delays”: he died without a will.

Mayor Newberry’s response is that he’s “sorry to learn about the delay, but pleased that the developers and investors are still committed to the project. The investment of $250 million dollars in our community will be significant, especially as it relates to the hundreds of jobs that will be created and the tax revenue generated as a result.”

Page 4 of this week’s Ace features the Lexicon Project’s Ongoing “Dear Mayor” Letter Campaign — conceived to let the Mayor know what Readers think SHOULD occupy the current hole in the ground.

Readers can, as always, email with suggestions, and respond here on the blog as well.

Ongoing coverage is, as always, available at The hashtag is #CPLex (no one can spell CentrePointe).

  • Charlie Hughes

    Yeah. Right. My grandmother died, twice. And the dog ate my homework.

buy valium onlinebuy tramadol online without prescriptionbuy xanax online without prescriptionbuy xanax without prescriptionbuy tramadol without prescriptionbuy xanax no prescriptionvalium for salebuy phentermine onlinexanax online without prescriptionbuy ambien no prescriptionbuy tramadol online no prescriptionvalium online no prescriptionbuy klonopin online without prescriptionklonopin online pharmacy

All contents © Ace Weekly, Lexington, KY. All rights reserved. No part of this service may be reproduced in any form without the express written permission of Ace Weekly, except that an individual may download and/or forward articles via email to a reasonable number of recipients for personal, non-commercial purposes.

Powered & Maintained by SunAnt Interactive