Spurned Buyer Sues Tampa Port Authority Over Retail Center

Law360, Miami (December 20, 2013, 5:47 PM EST) -- A real estate developer whose bid to buy and revamp Tampa's depressed waterfront retail complex Channelside Bay Plaza sued the bankrupt lease owner Irish Bank Resolution Corp. and the Tampa Port Authority on Wednesday, claiming the TPA drove off potential buyers to purchase the lease itself.

In an adversary proceeding filed in the Delaware bankruptcy case of Irish Bank, developer Liberty Channelside LLC said that the port authority, which owns the land under the complex, used the information gleaned during negotiations with Liberty to then buy...
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