Halsey Minor is the victor in his dispute with Lee Danielson over the Landmark Hotel, Rachana Dixit writes in the Progress. The former business partners took their dispute to arbitration, with Minor wanting $12M from Danielson, and Danielson wanting $6M from Minor. The arbitrator found that Danielson was guilty of “deliberative and reckless conduct” and “gross negligence,” and has ordered him to pay $6.4M to Minor. (A stunning $2.2M of that is in attorneys’ fees.) This tells us nothing about the future of the hotel. There’s still the matter of Minor’s lawsuit against Silverton Bank—and vice versa—the outcome of which may help figure out what’s going to happen to the big, empty tower.
By way of reminder, this whole thing started with Lee Danielson back in 2003, when he bought the Boxer Learning/Central Fidelity building for $3.3M. Three years later he hadn’t done a thing with it, and Oliver Kuttner bought it from him for $3.7M. Though he’d said he was thinking about turning it into affordable housing, he ultimately returned to Danielson’s plan to build a hotel, and sold the whole thing back to Danielson and Minor. Within months, Danielson and Minor couldn’t even agree as to whether they were still building a hotel, started squabbling publicly, and early last year the lawsuits started.
How many times do people have to learn not to do business with Lee Danielson?