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OLD REID INVESTOR CIPRIETTI FAILS TO COMPLETE RESTAURANT CONVERSION

(Milford, DE)--One of the former owners of the old Reid Hospital building has walked away from yet another project.  Bob Ciprietti was a key investor with Spring Grove Development.  That’s the name given to the company that had promised to convert old Reid into a multi-use facility.  That project, of course, never got off the ground.  Ciprietti allegedly stiffed Wayne County for more than a million dollars in property taxes.  Now, he has walked away from a project in Delaware.  He had promised to convert an old bank building into a new restaurant there.  Cipretti has now sold the property.  Wayne County officials continue to pursue Ciprietti for outstanding property taxes at old Reid.

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