STAR bond master developer resigns

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Reporter - Kendall Downing

MARION, Ill. - The master developer of the STAR Bond District in Marion, Illinois says he's out after the mayor said the developer failed to deliver results. Bruce Holland sent an official resignation notice to the city Monday.

Illinois state lawmakers created the district in 2010 with the hope that special sales tax revenue could transform the 400-acre site off Interstate 57 into a destination development.

Two weeks ago, Mayor Bob Butler told us the city would be looking for a new master developer come May.

The resignation letter does not cite a reason for the lack of results.

Butler tells us the city is moving on.

"We are right now in discussions with a reputable developer. And we have high hopes that this will pretty quickly evolve," said Butler.

The mayor said the city could make an announcement about the new developer in a couple of weeks.

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