Posted on 07/10/2024 6:15:44 PM PDT by ChicagoConservative27
LOUISVILLE, Ky. — A judge recently placed a Louisville skyscraper in a receivership after its owners defaulted on a $28 million loan, according to new court documents.
A lawsuit was filed in June by lender Wilmington Trust National Association in Jefferson County Circuit Court, and accused the owners of the Meidinger Tower of failing to make a monthly payment of $142,204.82 last November. The plaintiffs also claim the owners have not made a payment in any subsequent month.
(Excerpt) Read more at whas11.com ...
Downtown office.
Illegal highrise ?
Gon’ be ugly.
High rises will be on sale for 10 cents on the dollar
Illegal Alien squatters can claim ownership.
$28 M. Pikers. Our gubmint has run up $34T we can’t repay.
You borrow 28 mil and you can’t scrape together a piddling hundred forty two thou? That is some come down!
The rate at which work is slowing down for me lately has me wondering if I’m gonna be in my own version of this before long.
They missed eight mortgage payments totaling more than a million dollars.
That is barely a day’s skim for the Biden crime family.
Buried way down...
...To encourage the investment and job growth in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets...
More taxpayer money down a rat hole...
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