After sending a ludicrous letter insulting the intelligence of the people of Lexington, the Webbs were back in action on Friday sending another letter [pdf] this one threatening to sue the city over their own inability to build a garage.
This is meant to either
- Further alienate the general public
- Provide a last ditch effort at finding financing for their boondoggle.
Having trouble raising tens of millions of dollars? Maybe you can sue the taxpayers and make them pay for it.
And the Webbs are having trouble raising funds for their dumb project. It’s been 7 years since it was announced and so far nothing’s happened and no investors are biting. Their first major “tenant” long ago pulled out, their desperate attempts to sell bonds have been about to start for four months in a row [see RobMorris’ excellent full timeline].
Where’s this guy when you need him?
After the CentrePointe block was torn down, receipt books from that pawn shop were pulled out of the rubble that showed decades of pawned engagement and wedding rings (among other things; that was the saddest), the date they were brought in and what was paid for them and promised for them. I’ve always thought that if you see someone struggling you help them, not kick them. But hey, what do I know about running a pawn shop.
In the Webbs’ letter on Friday threatening a lawsuit, they claim the recent action of Lexington’s government — which pointed out that contractually the Webbs are obliged to fill in their hole after 60 days of inactivity, which has long passed — caused them to lose a potential tenant and thus they’re litigious/trying to raise investment capital by suing the city. The Herald Leader reports:
Because of the negative publicity the city’s demand letter has generated, one of the tenants for the project has pulled out, the letter said. The tenant was not named in the letter.
So that’s apparently the tenant and thus the basis for the lawsuit.
But… Just one more question…
Jeff Ruby is not an idiot. He is a shrewd guy, a smart businessman, gregarious and cool enough to hang out with Drake and smoke cigars because, well, life is good.
After seven years of total incompetence, did it really take a letter from a supposedly impotent city government to make Ruby sit up and think, “These Webb characters have literally no idea what they’re doing, do they?”
Well, in fact, no.
The entire basis of the Webbs’ litigious letter is that Ruby pulled out after the city’s actions.
Ruby’s been tired of the Webbs’ BS for sometime.
By February, he was apathetic:
And on March 12th he’d had enough.
A month and nearly a half later, after the city of Lexington sent the Webbs a letter pointing out that no work on the construction and completion had been accomplished in at least 60 days, Ruby seemed to reiterate what he’d already decided: this nonsense isn’t worth the trouble.
The entire legal case the Webbs are building is built off the back of the idea that the letter from Lexington pointing out that their agreement had been violated somehow magically alerted one of their tenants to the fact that the project was massively delayed (7 years!) and making zero progress toward completion.
It should surprise no one that the construction of the Webbs’ legal case is as nonexistent as the construction of their imaginary development.
CentrePointe is a hole in the ground, and so is the Webb legal argument.
Now, when I asked Jeff Ruby about all this he tried valiantly to make everything nice. He said that after his March 12 tweet, he and the Webbs “patched things up next day.” But when I asked Jeff if he ended the project this past week because of the city’s letter or if he was just tired of being jerked around by the Webbs — who, you’ll recall, have been jerking even their own supporters around for over seven years — the excellent Mr. Ruby didn’t respond.
In January he was frustrated, by February he seemed to have given up, and in March he actually did give up.
This past week Ruby gave up again. But the Webb brothers want you to believe this was a first time thing, a direct result of the city’s contractually obliged actions, rather than a continuation of a serious credibility problem they have with their own investors and partners. It’s an argument that insults the citizens of Lexington, and perhaps more importantly to the Webbs own case, insults the intelligence of Mr. Ruby, their supposed partner.
If the Webbs would drive their own investors and partners away, why would the city be any different?
If they think the citizens of Lexington are too stupid to understand what’s going on (or, as the case is, not going on), how dumb do they think their investors are?