[Nuclearz]

It's pretty much a bankruptcy type thing. The guy had financial backing and then when all the loans went to crap, they pulled out on him. Obama's bailout money was going to the execs and officers of the banks, so no fresh money would become available. He basically had to walk away and lose whatever he put in it. There became a disagreement on who owned what, and it has sat ever since. There is supposed to be an auction and maybe progress can return to that area. Right now it is just a modern day ghost town.