Loading…
Monday, September 15, 2014
Current Weather
Loading Current Weather....
HomeHome
Published: Wednesday, 6/26/2002

Indiana, Perrysburg firms named in arena suit

BOWLING GREEN - The "John Does" named in Perrysburg Township's lawsuit against Rossford, its mayor, and the Rossford Arena Amphitheater Authority have been identified.

In a recent filing in Wood County Common Pleas Court, the township named Richard E. Kavanaugh & Associates of Elkhart, Ind., and Recreational Development & Consulting of Perrysburg as co-defendants in the suit. Both acted as financial consultants and financial advisers to Rossford officials, the amended complaint claims, helping Rossford to "devise a scheme to sell the township a security" in the now-defunct project.

The township claims it was misled when it agreed to contribute $5 million toward the proposed ice arena and outdoor amphitheater project. The RAAA was not able to obtain long-term financing to complete the project, and the township has not been repaid.

While visiting Judge Joseph Schmenk ruled in February that the transaction was not a security investment but a simple loan, his decision is under appeal in the 6th District Court of Appeals.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll