Tuesday, June 19, 2012

Landmark Creditors Owed $17+M; Hotel Shell Goes at Bankruptcy Auction For $6.25M

As mentioned in January, pennies on the dollar.  Specialty Finance alone had a lien worth $13+M, and the City was owed nearly $200K in RE taxes.  But the good news is that the awful blight on the Downtown Mall may eventually be finished.

Of course, all this optimistic hotel planning came while UVA was still one of the most respected "Public Ivies" in the country....One day later, and Charlottesville is a different world.

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