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Premier's White taken into custody, posts bond

Cory Schouten
June 26, 2008
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Premier Properties, Real Estate & Retail
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Premier Properties USA Inc. founder Christopher P. White was taken into police custody early this morning and released after he posted bond.

A prosecutor's office spokesman confirmed White had been taken into custody on three felony charges filed last week, but the spokesman had no information on whether White, 50, turned himself in or was arrested. A Marion County Jail official said he paid $2,000 on a $20,000 surety bond and was released from jail at 2:51 a.m.

An initial hearing is scheduled for 9 a.m. Monday.

The charges against White include fraud on a financial institution, check fraud and theft - all Class C felonies stemming from a $500,000 bad check that authorities say White deposited into an account with the National Bank of Indianapolis in January.

The check was drawn on an account at JP Morgan Chase that never had a balance of more than $1,000, the prosecutor's office said. After depositing the check, White allegedly withdrew most of the proceeds, apparently so he could make payroll.

Financial and legal troubles began to mount for Premier and White last year as credit markets froze up. The 15-year-old company had built a reputation for taking on daring projects with little margin for error.

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

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  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

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