by Kurt Hildebrand

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September 20, 2012
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Deal struck on defunct Riverwood project

A deal has been reached to settle a lawsuit filed against the owners of a defunct redevelopment project in northern Douglas County.

Douglas County District Attorney Mark Jackson said that anyone involved in the Riverwood owners participation agreement will give up any claims under a settlement announced on Thursday.

The agreement between the county's redevelopment agency and Riverwood Redevelopment was settled with a payment of $650,000.

The original agreement would have paid the company $24.7 million over the course of 16 years. Approved in December 2006, the agreement required the developer to build 30,000 square feet of commercial space and …

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The Record Courier Updated Sep 21, 2012 11:48AM Published Sep 20, 2012 05:36PM Copyright 2012 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.