In ongoing discussions, the registered owners of the Superior Stop, Dean Vlahos and Craig Oberlander, alongside their holding company, Wayzata Circle LLC, are engaged in talks with the City of Wayzata concerning the Superior Stop gas station located on the west edge of the Wayzata Bay Center.
Recent reports indicate that the City of Wayzata is considering condemnation as a means to facilitate the sale of the property, allowing Presbyterian Homes to proceed with its redevelopment plans for Wayzata Bay Center.
Interestingly, Dean Vlahos revealed that Tom Petters had previously been involved in the ownership but resigned his shares in Wayzata Circle LLC following his arrest in early October on federal fraud charges.
Vlahos expressed his long-standing plan to transform the property into a restaurant. Wayzata.com had previously reported on the Wayzata City Council’s closed session meeting regarding the Superior Stop. Al Orson, Wayzata City Manager, noted, “The [redevelopment agreement] is set up on the basis that the city will use condemnation to acquire the gas station.”
Litigation may arise if an agreement between the City and Wayzata Circle is not reached, although neither party is currently commenting on the prospect of legal action.
You must be logged in to post a comment.