And, to make matters worse, Blumenfeld’s former business partner Ron Caplan has threatened to collect on a defaulted loan to the tune of $37 million, though Blumenfeld’s lawyer challenges Caplan’s authority to do so. Still, the legal battle between the two continues on other fronts, a sad turn of events for two men who were once so close.
While we acknowledge Blumenfeld’s various challenges, including the tornado-like rumors of his utter brokeness, and feel sympathy–because there is blood running through veins over here–there’s more at stake than one individual: There’s a major landmark building that was supposed to be the cornerstone of a neighborhood revitalization. Mayor Nutter said as much in February 2012 at a meeting of the Chamber of Commerce, and before Blumenfeld purchased the building, Deputy Mayor for Commerce and Economic Development Alan Greenberger: “The mayor and I are determined to get it done because, if not, it’s a big, tall billboard of blight.”
Well, guess what? IT’S A BIG, TALL BILLBOARD OF BLIGHT.
So what does Blumenfeld and his hat have to say about it? Here’s what he told the Inquirer’s Joe DeStefano: “There is nothing that’s gonna stop me from my plans to develop the Divine Lorraine.”
Blumenfeld did not return a call for comment. Thankfully, the below video is available to speak for him.