Johnston Sues Ignit Developers Over Stalled Project
Des Moines News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Johnston City Officials Plan to Sue Ignit Developers Over Stalled Project: The city of Johnston is taking legal action against the developers of the stalled Ignit indoor sports complex project, demanding repayment of over $3.5 million in predevelopment grants and up to $300,000 in legal and engineering costs. The developers, led by Chad OMeara, missed a February deadline to either sell back the plot or repay the grants, leading to the citys decision to sue. The project faces additional legal issues, including foreclosure by Lincoln Savings Bank and lawsuits from local investors. OMeara and his company have countersued the bank, alleging breach of contract and fraud.
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