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City Receives Official Notice of Development Group Ownership

5/13/2019
Contact: Communications |

The City of Wichita today announced it has received its official notice of ownership from the Wichita Riverfront LLC. The notice indicates that Lou Schwechheimer is the principal owner of the LLC and the only member with substantive shares.

The notification was a provision of the Development Agreement with the City that was approved by Council earlier this spring.

“The City conducted a background check on the developer as it does in all of its development agreements and the developer was found to be in good legal and financial standing,” said City Manager Robert Layton. “The City has had the opportunity to get to know Mr. Schwechheimer and we are confident he will be able to deliver all the provisions contained in the Development Agreement.”

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