An investment group was awarded a $91 million judgement against the developer of Point Ruston after a years-long legal battle.
RUSTON, Wash. — An investment group is foreclosing on a parcel of land in Point Ruston after a judge ordered the developer to repay its defaulted loan.
The parcel that is being foreclosed includes the parking garage and Point Ruston’s Waterfront Market.
The developer has been in a years-long legal battle with investors over its inability to make loan payments. Court documents detail that although the developer, including Point Ruston, LLC, Point Ruston Phase II LLC and other associated companies, initially made loan payments,
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