AREA DEVELOPER PROPOSES DEAL FOR LEGENDS SITE.Byline: Jim Skeen Daily News Staff Writer A local developer wants to swap 160 acres on Lancaster's west side for the Legends property, an abandoned housing tract that gained notoriety NOTORIETY, evidence. That which is generally known. 2. This notoriety is of fact or of law. In general, the notoriety of a fact is not sufficient to found a judgment or to rely on its truth; 1 Ohio Rep. first as a public eyesore eye·sore n. Something, such as a distressed building, that is unpleasant or offensive to view. eyesore Noun something very ugly Noun 1. and later as a set for the movie ``Lethal Weapon 3.'' Lancaster-based J.P. Eliopulos Enterprises Inc. is proposing to exchange farmland south of Avenue H between 80th and 90th streets West for the 23-acre Legends tract. Eliopulos plans to develop 87 homes on the Legends site, located at the southwest corner of Avenue J and 30th Street West. Lancaster officials have been seeking to get the Legends tract finished since it was abandoned in 1988. ``It's a resolution to a problem that has been on the minds of local people for a long time,'' said Lancaster Mayor Frank Roberts Frank Roberts may refer to:
Eliopulos' 160 acres was appraised in July at $700,000. The swap proposal also include Eliopulos turning over 110 water credits, valued at $350,900, to Lancaster. The Eliopulos land had been approved back in 1991 - the beginning of the local housing slump - for a subdivision with 631 homes, but it was never built. The Legends property is valued at about $1.1 million. The city also invested in $115,000 worth of improvements on the site. The Legends housing tract was abandoned in 1988 when the failure of Hill Financial Savings, a Pennsylvania savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , forced the builder into bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most . The Legends tract originally was proposed as a 100-home development built on 41 acres, but it was abandoned when the first 22 homes were in the framing stage. In January 1992, Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . studios burned some of the partially built homes for the movie ``Lethal Weapon 3.'' Lancaster acquired the tract in 1993 for $2.2 million from the Resolution Trust Corp., an entity created by the federal government to sell assets of failed savings and loans. The Lancaster School District Lancaster School District may refer to:
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