Legal & Courts  November 3, 2022

No more hunky-dory: $300M Keystone project marred by big-dollar lawsuits, allegations of crime

This story first appeared on BusinessDen.com, a BizWest news partner.

The co-developer of a $300 million resort in Keystone says $8 million went missing from the project and the firm was then pushed out for revealing the other developer’s bank fraud.

That developer accused of fraud says the other developer is a liar, sham and grifter who committed a federal crime while running a scam that cost the project $72 million.

The Kindred Resort, which broke ground earlier this year and is expected to open in 2025, will be a ski-in, ski-out hotel and condo complex on four acres. Its 95 condos range…

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