Rose Hill Bank confident in Union Station plans, developers

John Stearns / WBJ

Occidental Management's Chad Stafford and Gary Oborny are behind the redevelopment of Wichita's Union Station.

Rose Hill Bank, which financed Occidental Management Inc.?s acquisition of Union Station earlier this year, is a big believer in Occidental?s ability to pull off the large renovation project and added one of its bank signs out front of the building today to show its support and send a message that it?s capable of lending for big commercial projects.

The sign went up ahead of this afternoon?s press conference at Union Station, where rail service supporters will release ?an important joint mayoral letter of support? for the extension of the Heartland Flyer Amtrak service, says an invitation to the news conference from Occidental Management CEO Gary Oborny.

Rose Hill President and CEO Roger Kepley speaks highly of Oborny and Occidental President Chad Stafford and their ability to pull of the project converting the station and related buildings into office, retail and restaurant space ? and possibly more.

?As a citizen of Wichita, I?m really exited about having that multiuse? feature of Union Station, he says.

?With Gary and Chad, I?m very confident it will be executed flawlessly and will be ... high quality,? Kepley says, adding that Rose Hill would like to finance improvements, too.

?I think the project is tremendous for the city,? Kepley says. ?It?s the final linchpin, in my view, that connects Old Town to the arena.?

Amtrak train service would be ?icing on the cake? for Union Station and Wichita, he says.

Rose Hill is the lead lender in another Occidental Management project as well, The Offices at Cranbrook, the first phase of which opened last month.

John Stearns covers real estate, development and banking.

Source: http://feedproxy.google.com/~r/vertical_53/~3/8v4gWB14-cE/rose-hill-bank-confident-in-union.html

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