O'Reiley, Tim
December 2008
Las Vegas Business Press (10712186);12/29/2008, Vol. 25 Issue 52, pP8
The article focuses on the filing of Chapter 11 bankruptcy protection by developer William Plise in June 2008. The City Crossing project planned and set by Plise includes the development of homes, offices, retail and lodging. It is cited that the $169.3 million worth of loans were coming due last spring. The case was dismissed on November 12 due to Plise's failure to cut a deal for the project. It is inferred that the lenders concentrated on their foreclosure actions.


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