City seizes Brownstone at Wichita’s College Hill

By Bill Wilson

The Wichita City Council Tuesday seized a long-struggling eastside brownstone development, seeking to recover more than $7 million in debts and back taxes.

The Douglas and Hillside redevelopment project, by local developer Mike Loveland, includes nine of a planned 50 brownstones, a $60 million proposal that never got off the ground, Wichita Mayor Jeff Longwell said.

“This isn’t the sort of thing we ever want to be doing,” Longwell said. “But the developer wasn’t meeting his obligations, so we’re… …read more

From:: biz journal foreclosures

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