It sure looks like they were not able to force Lorterdan to buy the property back. Now, instead of admitting they made a mistake and have changed their minds about developing the property as originally intended, they are claiming they want to turn it into a "spiritual retreat." All in a blatant attempt to weasel out of paying property taxes. It seems that the local tax people can see through this charade and are holding firm that the property no longer qualifies for a tax exemption. Good for them!
I wonder if the Society wound up having to pay the "consulting fee" or not. Does anyone know for sure?
If the property really was worth $20M or so when they bought it, and they only paid a total of $11.5M, why don't they just sell it now and be done with it? I have a feeling there's a lot to this story that hasn't come out yet.
Stay tuned...