Build it and filmmakers will come. Build it and jobs will come and lift Norristown to prosperity.
That dream fizzled like a box-office bomb last May, when the project’s investor filed for foreclosure against the developer.
The forlorn shopping center, Logan Square, sits half-empty, its fate likely to be announced in the coming weeks. The county is grappling with how to recoup the $25 million it sank into the project — including $10 million in federal funds it must repay — and its lawyers are preparing a lawsuit against the developer. And prosecutors are scrutinizing the deal to see if more than bad luck and poor judgment were to blame.