Settlement between the borough, the Columbia Econonic Development Corporation and Musuem Partners has been delayed because of the bank financing the project, Susquehanna Bank, needed 10 days from the time they received all of the signed documents to review them.
Settlement may occur later this month, or borough council might have to have a special meeting to extend its agreement into the first few days of June.
The project is still a go, once the bank, agrees to everything.
1 comment:
WOW! This shouldn't be a surprise to anyone who has been following this saga for the last 4 years. EVERY time a settlement is suppose to occur, something comes up to delay the settlement. AFTER 4 years, the financial institution needs to review documents? When will Council finally open their eyes and stop wasting taxpayer money on this endless money pit. Taxpayers will foot the next principal payment along with those continuing interest payments, not to mention, the cost of advertising ANOTHER special meeting for this "project". As I stated on May 10, don't be surprised to see this drag out for another year or more!
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