An attorney for the Trappe East Holdings Business Trust (TEHBT), developer of the Lakeside project, issued a statement last night concerning the ownership of the property. Ryan D. Showalter, lawyer for the LLC, sent the Talbot Spy the following:
I am writing on behalf of Trappe East Holdings Business Trust (TEHBT), developer of the Lakeside project. A number of pieces published by the Talbot Spy recently contain broad allegations about the project or the Town of Trappe’s existing wastewater treatment plant. Accurate, factual information regarding these matters has been and will continue to be shared with the County. I am writing this afternoon to correct misinformation that continues to circulate regarding the ownership or financial backing of the project.
The project has always been, and is still, owned and controlled by the Rocks family, which has invested in the property, project and Town of Trappe for nearly 20 years. The Rocks family has been an active participant in the Talbot County real estate community since 1986, through its development of the Easton Club and Easton Club East. An investment firm known as The ICA Group was interested in identifying potential investors for the Lakeside project. Notwithstanding any promotional information that it previously displayed on its website, The ICA Group did not invest in or locate investors for the Lakeside project, and has no rights, interests or role, financial or otherwise, in the Lakeside project.
Ryan D. Showalter
McAllister, DeTar, Showalter & Walker LLC