Published 24 days ago • loading... • Updated 24 days ago

Cle Elum is moving to declare bankruptcy. Here's why

Summary by King5 News

City officials are hoping the bankruptcy process would give the city more control over payment of a $22 million judgment it now owes to City Heights Holdings, LLC.

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Kiro7

‘I don’t have optimism:’ Cle Elum one step closer to declaring bankruptcy

The small town of Cle Elum, Washington is one step closer to declaring bankruptcy after a special meeting and vote by its city council Tuesday night concerning how to manage a recent judgment against them for $22.2 million for failing to make good on land development deal they made with Issaquah-based home building company, City Heights Holdings (CHH), more than a decade ago.

24 days ago·Seattle, United States

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King5 News

Cle Elum is moving to declare bankruptcy. Here's why

City officials are hoping the bankruptcy process would give the city more control over payment of a $22 million judgment it now owes to City Heights Holdings, LLC.

24 days ago·Seattle, United States

Read Full Article

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