A North Carolina developer who bought the Kennebec Arsenal complex in Augusta in 2007 and has let the property degrade could face legal action by the state. Alan Henry, director of special projects at the Bureau of General Services, said the state is planning to discuss the issue with the Office of the Attorney General, and that it could take developer Tom Niemann to court.
Niemann has failed to develop the property and let it fall into disrepair, according to MaineToday Media. The state in April gave him 45 days to find another developer to take over the project, which he failed to do. The buildings date back to 1828 and are designated as National Historic Landmarks. According to Henry, other developers have stepped forward to express interest in the property.
Niemann bought the state-owned property for $1 and planned to turn the property into housing, restaurants and stores. He blamed the poor economy for his lack of progress. He received a tax break from the city, which rebates 100% of the property taxes for 10 years, but only if the property is redeveloped.
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