POMONA — City Administrator A. J. Wilson announced this week that he has met with H. Thomas Felvey, promoter of the uncertain Inland Pacific World Trade Center project, and that Felvey said he is trying to line up a partner for the $96-million venture but as yet has no firm commitments.
Felvey, who presented the proposal for the 12-story office, hotel and retail complex to the city in 1985, has until May 1 to reach agreement with a partner who will secure $100 million in bonds issued by the city last year.
Felvey has been seeking new backers for the center since November, when the Birtcher development firm withdrew from the project.
Feb. 16 Meeting
Wilson, who was hired Feb. 1, said he began trying to reach Felvey on his first day as city administrator. Wilson said he had a meeting with Felvey on Feb. 16, when the promoter said he was still negotiating with a major development firm to provide backing for the project.
Wilson said he expects Felvey to contact him again soon to update him on the status of the project.
"I'm just waiting for him to call," Wilson said. "I suspect that if he doesn't find somebody in the month of March, it would be difficult for him to meet the other deadlines (for finalizing a financing agreement)."