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I-Team: Ohio's Attorney General might help stem Norwood condo losses
5 years ago
16
Legacy Lofts was a $12 million development that aimed to make the century-old Norwood Baptist Church the centerpiece of a 112-unit condo community. As WCPO has previously reported, the project faltered when developer Scott Call was unable to secure financing. He left town without refunding about $60,000 in deposits paid by would-be condo buyers. An expert on Ohio condominium law, attorney Jim Matre said the deposits should have been held in escrow. But Matre also said it will be difficult for individual depositors to collect refunds if they pursue lawsuits on their own.
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