According to the article, the City of Wayzata is planning on using condemnation to force the sale of the property so that Presbyterian Homes can proceed with it’s Wayzata Bay Center redevelopment plans.
In an interesting twist, the article indicates that Vlahos said that Tom Petters had been involved in the ownership, but had resigned his shares in Wayzata Circle LLC since he was arrested in early October on federal fraud charges.
From the Weekly News: “My plan’s always been to do a restaurant,” Vlahos said.
Wayzata.com reported several weeks ago that the Wayzata City Council had held a closed session meeting about the Superior Stop. Al Orson, Wayzata City Manager stated in the local newspaper “The [redevelopment agreement] is set up on the basis that the city will use condemnation to acquire the gas station.”
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It seems likely that litigation will be involved if there is not an agreement between the City and Wayzata Circle. Neither side is commenting on legal action at this time.
Stay tuned to Wayzata.com, your Superior Stop is the fly in the ointment but wants to build a restaurant leader.
Read the full Weekly News article here: Watch for more Bay Center choices.
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