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Lawsuit filed over Bristol, Va., borrowing for The Falls - TriCities.com: Local News

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Lawsuit filed over Bristol, Va., borrowing for The Falls

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Posted: Thursday, November 14, 2013 12:02 pm | Updated: 10:39 pm, Tue Nov 19, 2013.

UPDATE

BRISTOL, Va. — City officials have declined comment on the lawsuit regarding bond borrowing for The Falls but have issued a statement from City Attorney Pete Curcio.

"The city attorney and the city’s bond counsel have both done cursory review of the allegations and believe that they are wholly without merit," according to the statement. "The city attorney believes that it is inappropriate to make further comment while the matter is pending in the courts but will pursue a course designed to dismiss the allegations as quickly and expeditiously as possible."

The statement also includes an assertion regarding the background of where the suit came from.

"Since the city first began The Falls project in 2012, it has been met with a small but determined effort by a select few to undermine the project and delay the construction at any cost. It would appear, based on the nature of these allegations, that this is a continuation of those efforts," Curcio said in the statement. "The city has every intention of proceeding with the project as planned."

BRISTOL, Va. — A lawsuit has been filed in Bristol, Va., Circuit Court challenging the way the City Council borrowed $10 million for The Falls commercial development.

City resident and business owner Travis Campbell filed the lawsuit last Friday. It charges the City Council ignored its own city charter and state law in the way it approved borrowing $10 million in general obligation bonds.

About $6.5 million of that money was used to make the first of three planned lump sum payments to W-L Construction for its work on the site near Interstate 81's Exit 5.

To learn more about the action, read Friday's Bristol Herald Courier.

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