Records filed in court show Butterfield’s growing exasperation. He told Gordian’s Christodoulou there would be no “white knight” appearing to save the project and implored him to focus on selling what he could of the land.
“Everyone in the world knows about this project right now, and no one showed interest,” he said in the 2017 conference call.
Butterfield worried about cost overruns. These included a payment, worth about $70,000, to a woman who was pregnant at the time she was fired. The company was on pace to run out of money by mid-2018, according to a December 2017 email.
“I have 99% of this project,” Butterfield said on the call. “I don’t know what I’m going to do. So I am really losing sleep over this.”
This story was provided by Bloomberg News.