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.
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.”