Bad news for poor old Gadi Leshem this morning, as the Standard-Examiner reports that Leshem is experiencing serious blowback from his Cover-All Inc. company's felony conviction, and that the IRS has now pulled the plug on its plan to remodel his historic Denver & Rio Grande Building to construct a new $21 million IRS facility downtown. Seems that "California's State Compensation Insurance Fund has placed a $6.3 million lien against [Gadi's] Denver & Rio Grande Building, according to records filed with the Weber County Recorder's Office." Adding insult to injury, the Standard reports that "in addition to the lien, Bank of the West filed a notice of default last week for $445,541 against the Denver & Rio Grande Building with the recorder's office. The building could be sold to satisfy the debt, the notice states."
Here's the full SE story:
• New IRS facility still a goLooking at the bright side, the revised IRS plan to build its new facility at the site formerly occupied by Wonder Bread Inc. and Ogden Blue looks like a real boon to downtown Ogden. We're sure that restaurateurs and shopkeepers along Ogden's Historic 25th Street are downright "ecstatic," just as Ogden business development manager Tom Christopulos suggests.
