Oread developers agree to comply with Lawrence demands

Developers of The Oread hotel are now ready to settle an approximately $500,000 tax dispute with the city of Lawrence, and City Hall leaders are expressing optimism that the developers will fully comply with the city’s demands.

In a written statement Tuesday, Interim City Manager Diane Stoddard said Roger Walter, an attorney for Oread Inn, notified the city last week that developers would “fully comply” with a list of City Hall demands to end the dispute that centers on whether the Oread group inflated sales tax totals in order to collect a city subsidy. No formal settlement has been reached, and, for now, the city will continue withholding sales and property tax reimbursements from the group, Stoddard said.

(Read more: LJWorld.com stories: News)

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