Nov 9
2016
Tainted contract nets LPCiminelli $20 million
Federal prosecutors say top executives at LPCiminelli went to great lengths to ensure they would win the lucrative contract to build a factory for SolarCity at Riverbend. Just how lucrative? State officials refuse to say how much the company is being paid. But Investigative Post has calculated, based on interviews and public records, that LPCiminelli’s fee for the project works out to between $20 million and $22 million. That’s one of the largest developer fees paid out in the region in recent years, because of the sheer size of the project, according to construction industry sources. Three LPCiminelli executives, including[...]