[CPEO-BIF] Pointe Blue, Racine, Wisconsin

[Lenny Siegel <lsiegel@cpeo.org>]

Pointe Blue development advances


BY MICHAEL BURKE
Racine Journal Times (WI)

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

--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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