Friday, July 13, 2007

Suit filed against Ganther for failure to pay debts

It seems unpaid property taxes to the City of Oshkosh are not the only thing Ben Ganther and his business partners owe. According to this story in the Oshkosh Northwestern Ganther and his partners in the 100 N. Main St. project have defaulted on the $6.1 million loan taken out four and a half years ago to pay for the construction and development of the building, which includes ground floor commercial space and 62 individual apartments. A lawsuit against them has been filed. Unfortunately, the City of Oshkosh has been named as a defendant in the litigation, as well.

With a history of also not paying property taxes in a timely manner on properties other than 100 N. Main St., it may be time for Mr. Ganther to acknowledge that being a developer may not be his forte; instead he might want to stick to that which he apparently is successful at: Constructing buildings for others.

That being said, my position on Ganther being involved in government construction projects remains the same. No governmental body should do business with Ben Ganther until he can clean up his debts to them. The days of taking from cities and their taxpayers, especial in tax-incremental financing districts, while at the same time not paying what's rightfully and legally owed those communities should be deemed over, once and for all.

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