|From:||Lenny Siegel <email@example.com>|
|Date:||18 Oct 2006 06:29:23 -0000|
|Subject:||[CPEO-BIF] Pointe Blue, Racine, Wisconsin|
Pointe Blue development advances|
RACINE - Pointe Blue, slated to be the city’s largest-ever real estate development, moved forward Friday when the developer tightened his hold on Pugh Marina.
Assuming he can complete his financing, Racine native Scott Fergus will soon control all of the Pointe Blue site through his company, KeyBridge Development. Fergus already controls the north end of the site, the former Walker Manufacturing property.
Two previous closings had been postponed. The chief obstacle has involved the Walker brownfield site, which is contaminated from its industrial past. That fact has made some national lenders very nervous, Fergus said.
For the entire article, see http://www.journaltimes.com/nucleus/index.php?itemid=8589
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