Ambrose property group intends to sue


A DEVELOPER IS NOTIFYING THE CITY OF INDIANAPOLIS.. THEY’RE PLANNING A LAWSUIT. THIS IS ALL PART OF THE FIGHT.. OVER THE FUTURE OF THE OLD G-M STAMPING PLANT. A FEW WEEKS AGO.. THE AMBROSE PROPERTY GROUP.. SCRAPPED ITS PLANS TO DEVELOP THE SITE. THEY CLAIM.. THE CITY HAS NO RIGHT.. TO TAKE THE LAND.. AWAY FROM THEM. ORIGINALLY.. THE CITY THREATENED TO TAKE THE PROPERTY… TO PREVENT “AMBROSE PROPERTY GROUP” FROM SELLING IT. BUT THE COMPANY SAYS.. THAT WOULD BE A BREACH OF CONTRACT. AND NOW AMBROSE.. SAYS IT’S SUFFERED AT LEAST 30 MILLION DOLLARS IN DAMAGES.

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