In 2007, Richard Bassett obtained a loan to build a McDonald's-gas-station combination at the corner of 55th and Prospect. Two years later, the project remains incomplete.
The unfinished development stands out. It's visible from Bruce R. Watkins Drive. And, for a time at least, it was an active construction site in a part of town commercial developers tend to avoid.
Bassett says he's committed to the project. But the delay has caused problems. Court records indicate that several contractors and suppliers have filed mechanics' liens.
Bassett blames the halts on his old bank.
Bassett tells The Pitch he was three weeks from opening when his bank became insolvent. Bassett had borrowed from Columbian Bank and Trust Co., a Topeka-based lender the Kansas bank commissioner closed last August.
Bassett says he's been waiting for a response from the bank's receiver, the FDIC. "The game plan is still McDonald's, convenience store and gas pumps," he says.
Architectural plans indicate that Bassett will call the operation Country Boy's Gas & Convenience Store.
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