Developer insists CentrePointe will be built despite death of key financier

By Knox van Nagell | May 5th, 2009 | See all in Fayette Alliance Blog

“Developer insists CentrePointe will be built despite death of key financier”

Posted April 10, 2009, Kentucky.com
By Beverly Fortune

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 keep the $250 million deal on track.

Los Angeles attorney Richard P. Crane Jr. said in a letter to Lexington officials that the death has “complicated the implementation of the funding plan,” but he remains optimistic about the future of the proposed 35-story luxury hotel and condominium…Read more at Kentucky.com

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The Fayette Alliance is your voice at city-hall advocating for sustainable growth in Lexington…to achieve a world-class city in our world-class Bluegrass landscape.

Since 2006, the Alliance has worked with local government to usher over 50 major land-use policies into law that promote farmland preservation and our signature agricultural industries, responsible development, and improved water quality and infrastructure in Fayette County.

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Developer insists CentrePointe will be built despite death of key financier