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February 15, 2012

Contractor, Ohio bank assume control of ASI

Zionsville Times-Sentinel
by Rod Ross

Operations of ASI Ltd. in Whitestown have been taken over by Hunt Construction and Ohio Farmers Bank, so that construction of a $4.9 billion sports arena and residential complex in Brooklyn, N.Y., will continue.

Financial issues that may have led to ASI’s brief closure have been resolved, but ASI faces at least one lawsuit in Boone County, and more could follow.
...

“I gather that ASI had a financial issue,” said Joseph DePlasco, a spokesman for Forest City Ratner Companies, developer of the Atlantic Yards project in Brooklyn, that will include a new arena for the New Jersey Nets, and several 16-story apartment buildings.

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Posted by eric at February 15, 2012 10:51 AM