ST. LOUIS (KTVI) - The decision on who will own Grant's Farm will be decided by Wells Fargo. That ruling was made today in St. Louis circuit court Tuesday.
Billy Busch has offered to buy Grant`s Farm from the family trust after four of his five siblings tried to sell the facility to the St. Louis Zoo.
The zoo backed out of the deal in March.
Statement on behalf of Beaty, Peter, Trudy & Andy
June 21, 2016
"We are very pleased with the Court’s decision validating our interpretation of our father’s Will.
We look forward to working with Wells Fargo going forward".
Statement by William K. “Billy” Busch
"Regarding today’s ruling by St. Louis Circuit Court Probate Division Judge Bryan L. Hettenbach and St. Louis Circuit Court Commissioner Patrick J. Connaghan
I am pleased with today’s Circuit Court ruling, which moves us closer to our goal of buying and operating Grant’s Farm for the benefit of St. Louis-area families for generations to come.
The court made it clear that the ultimate decision as to whom the Busch Family Real Estate Trust will sell Grant’s Farm now rests squarely on the shoulders of Wells Fargo, which is the disinterested trustee and has sole discretion in this matter.
The court also ruled today that each petitioner and defendant must pay their own legal fees, rather than have them paid by our family trust, which is a fair and equitable decision.
Finally, I want to express my appreciation to the Court for its ruling and its patience in deliberating on this matter, which is important to our family, the Greater St. Louis community, and crucial for the future of Grant’s Farm".