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Bidders list why the deal fell through.
- Article from:
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Vindicator (Youngstown, OH)
- Article date:
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September 24, 2007
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Copyright informationCOPYRIGHT 2007 Vindicator. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeanne Starmack
Sep. 24--AUSTINTOWN -- Developers who backed out of buying the old Austintown Middle School contend the school district violated state requirements for reports on underground fuel storage tanks at the bus garage there.
Ben Post and Martin Solomon, under the company name This Land is My Land Ltd., say that had they known that, they would have offered less money for the property.
They said they found out about what they call a "pattern of nondisclosures" through public records requests.
They told the district in a Sept. 7 letter that they are backing out of the deal they made in 2005 to buy the Mahoning Avenue property for $2.6 million. ...