The original master developer of Hideout is suing the town and its planner over development rights, accusing them of causing the developer economic damages of at least $100 million by reducing the value of its holdings and acting to prevent it from developing hundreds of homes.
Mustang Development, LLC, filed the lawsuit on Friday in 4th District Court. Listed as defendants are Hideout, its planner Thomas Eddington and Eddington’s firm Integrated Planning and Design.
The lawsuit accuses town officials of inaccurately reducing the number of residential units Mustang Development may build on land it owns and making comments that were intended to reduce the value of Mustang Development’s business.