LonghornLaw

They filed bankruptcy on the 3rd. Liabilities of $13MM in secured claims are listed. HCAD appraises the land at $10MM. I wonder if that means the land will finally change ownership. Unless Dilick can refinance or put up his own money, I'm guessing Wedge takes a haircut and this gets sold. With the finance market still frozen, I'm not sure what viable plans there are for a near-term redevelopment. You might see someone land bank until the rail goes in and hopefully redevelopment opportunities improve. Petition.pdf

Sorry for the bad info. I heard yellow apartments at the intersection of Dulavy and Alabama and assumed it was the Wilshire. I guess it's actually the Alabama Place apartments?

Apparently the apartments are on fire right now! I was told there are 12 fire trucks.