![]() ![]() The debtor seeks to sell substantially all of its assets. ![]() New York-based George Washington Bridge Bus Station Development Venture, the lead developer of a public/private venture renovation and improvement project for the George Washington Bus Station, located at the east end of the George Washington Bridge, which is owned and operated by the Port Authority of New York and New Jersey, filed for chapter 11 protection on Monday in the Bankruptcy Court for the Southern District of New York. Seeks to sell substantially all of its assets through a marketing process “of no more than 135 days” and $4.4 million in DIP financing from senior secured lender affiliate Debtor is the developer of a public/private venture renovation and improvement project for the George Washington Bridge Bus Station in New YorkĪttributes filing to “years” of delays caused by contractor Tutor Perini, leading to entry of $23 million interim attachment order in favor of Perini and foreclosure action commenced by the debtor’s senior secured lender
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