Jodie Tillman, Times Staff Writer
St. Petersburg Times (Florida)
TRINITY – Lots of companies have come calling for payment for their work on the stalled Trinity Town Center. To emerge on top of the heap, Bill Planes’ general contractor firm is suing nearly everyone involved in the construction – including his other company that owns the entire project.
South Capital Construction is asking a judge to order the sale of Trinity Town Center and give it first dibs on the proceeds.
That would allow South Capital to muscle its way to the front of the money line, ahead of the lender that holds a $47 million mortgage, the nearly 50 subcontractors owed millions of dollars for unpaid or partially paid work, and the owner of the project – Trinity Town Center LLLP, Planes’ development company.
The lawsuit, filed in September in Pasco County, is the latest development that raises questions about the fate of the once highly anticipated Main Street-style shopping complex at Trinity Boulevard and Little Road.
