Cost to finish, repair Savannah River Landing site: $2.3M | savannahnow.com

here is a riverwalk to nowhere east of the Savannah Riverfront Marriott that nature is trying to reclaim.

Weeds grow through the cracks. Puddles linger in place after a heavy rain. And the wakes of passing boats have broken apart floating docks that rock with each passing wave.

The riverwalk extension was completed about two years ago as a gateway to what was to become an extension of the Historic District, complete with a mixture of parks, homes and businesses.

That vision has been put on hold due to the economic downturn. Streets meant for tourists, residents and workers are hidden behind waist-high weeds and bushes.

The current owners of the Savannah River Landing property, MMA Capital, now include lenders for the project. Plus, MMA Capital has a lawsuit against the original owner, ALR Oglethorpe LLC, claiming the developer failed to live up to a settlement agreement reached when the property was facing foreclosure.

MMA Capital is seeking almost $4.7 million in damages from ALR. About half of that is to cover missed payments reached as part of the settlement agreement. The rest is being sought to cover the completion of about $2.3 million in infrastructure repairs and road construction needed at the Savannah River Landing site.

via Cost to finish, repair Savannah River Landing site: $2.3M | savannahnow.com.