Former Commissioner Joe Hoeffel sent me an email today to point out something about my story on the Logan Square property being bought Wednesday at a sheriff's sale by its biggest creditor, a Wayne investor called Logan Lender, which had filed a foreclosure suit against property owner Johnson & Markley Redevelopment. Here is his note:
Your story today on the foreclosure of the Norristown development project left out some critical facts. Your statement that "the project continued to swallow money without making much progress" overlooks this progress: 600 jobs at US Maintenance still in Norristown, a new Class A office building, and a new parking garage. None of that would be in Norristown today, with USM under a 10 year lease, without the county investment in the project. Nobody wanted the financial problems and foreclosure, but this project continues to be an economic development success for Norristown, which badly needs this kind of investment. I hope the Inquirer will note these facts in future coverage.
Joe Hoeffel, former Montco commissioner