Now we know why K&D took Ameritrust off the county's hands

ameritrust.jpg
The developers at K&D are well on their way to earning back the $35 mill they dropped on this asbestos-filled beauty.
Earlier this month, when the K&D Group submitted the one and only bid to buy the county’s doomed Ameritrust complex, we knew there had to be a hidden motive. What developer in his right mind would pay $35 million for a complex the county bought two years earlier for $22 million? Especially when it was negotiating with the county, which handles money like a senile widower? The asbestos-filled buildings have been vacant for years, and no one seemed interested in buying them until the county commissioners wasted more than $34 million trying to turn them into new headquarters (“Lose Excess Wallet Weight!” December 12, 2007). ...
Scroll to read more Cleveland News articles

Newsletters

Join Cleveland Scene Newsletters

Subscribe now to get the latest news delivered right to your inbox.