Chapter 11 for Fountain Village

Chapter 11 for Fountain Village

SeaPort Airline's new CEO John Beardsley's longtime Portland devopment company filed for Chapter 11 bankruptcy.

Fountain Village Development reported assets and liabilities between $50 million to $100 million and listed 15 buildings as the company's principal assets. That list includes the New Market Theater Block, the Oregon Pioneer Building and the Blagen building...

The largest unsecured creditors are: Portland General Electric ($208,000), Service Master ($134,000), Protemp Associates Inc. ($74,000), Salvation Army ($69,000) and Home Hotel ($63,000).

Read more at Ryan Frank's Front Porch blog.

{biztweet}Portland John Beardsley Village Fountain Development SeaPort Airlines bankruptcy{/biztweet}