Summary
The Statler Towers could be closed next month, unless a purchase of the property comes together quickly.
U.S. Bankruptcy Court Judge Carl L. Bucki on Monday authorized the court-appointed trustee in the Statler case, Morris Horwitz, to begin spending about $100,000 that Horwitz said is needed to secure the property against the winter weather and cover expenses such as payroll for the few remaining employees.See the full content of this document
Extract
Statler Towers May Face Shutdown
The funds will come from the $500,000 that New Buffalo Statler Redevelopment, the high bidder at an August auction, has paid so far. The group has struggled to complete the $1.3 million purchase, despite two extensions ...
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