Buyers of Statler Poised for Extension ; New Deadline Subject to Judge's Approval

Summary

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The prospective buyers of the Statler Towers and the trustee in the Statler bankruptcy case have reached agreement on a two-week extension to complete the deal. The original deadline was Monday.

With the additional time under the new Nov. 29 deadline, the trustee in the Statler's Chapter 11 bankruptcy case wants Statler City LLC, led by businessmen Mark D. Croce and James J. Eagan, to work with Buffalo city officials on resolving a tax issue tied to the purchase plan.

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Extract

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Buyers of Statler Poised for Extension ; New Deadline Subject to Judge's Approval

The agreement between trustee Morris Horwitz and Statler City still needs the approval of U.S. Bankruptcy Court Judge Carl L. ...

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