SIOUX CITY, Iowa (AP) — A developer has filed a lawsuit alleging he was misled about the cost of renovations for a historic landmark in downtown Sioux City.
Television station KTIV reports (http://bit.ly/18x1Vnh ) that Mako One Developer Bruce DeBolt is seeking $50 million in damages from the project’s Sioux City-based architect, M Plus Architects.
DeBolt says he bought the Badgerow Building six years ago, with a plan to turn it into a high-tech data center. The plan required reinforcing the building’s floors, footings and foundations. DeBolt alleges he was misled to believe the upgrade would cost hundreds of thousands of dollars, but it’s now expected to cost between $3 million and $5 million.
Architect Dale McKinney denies any negligence, saying his company has done hundreds of projects over the years with no difficulties.
Information from: KTIV-TV, http://www.ktiv.com