Lazar Ostreicher pitched a big residential complex with city financial aid on the site of old Central High School, but Duluth says he breached his contract. He’s fighting the city while separately fighting a lender from foreclosing on a Duluth apartment building he owns.
Letter from Lazar Ostreicher’s attorney says St. Cloud-based Stearns Bank failed to provide a guarantee that could have kept his client from running afoul of city agreement for old Central High School property.
Developer Alatus missed deadlines after it was unable to raise money needed to finish project and is suing to stop Minnehaha Creek Watershed District from terminating it from the project.