Homebuilder Sued Over Unfinished Development
LAS VEGAS (AP) — The developer of the master-planned Coyote Springs community about 60 miles northeast of Las Vegas has sued homebuilder partner Pardee Homes, alleging it stalled the project during the recession.
The Las Vegas Review-Journal reports Harvey Whittemore’s lawsuit accuses Pardee of breaching its agreement to develop finished residential lots, and of halting work on the sewage treatment plant and golf clubhouse.
The first model homes were scheduled to open in early 2008, but that was pushed back when the housing market started to crash.
Pardee spokeswoman Kathy Hilty says the company does not comment on pending litigation. A Pardee executive has said the builder continues to develop infrastructure.
Whittemore, a Reno attorney, bought 40,000 acres for Coyote Springs for $15 million in 1996. Some 160,000 homes were planned for it.
Information from: Las Vegas Review-Journal, http://www.lvrj.com
Copyright 2011 The Associated Press.