June 5: Liz Cameron reports that her contact with the bankruptcy receiver for the former Hillside Health Center suggests that there will be no action on development for some time.
“To recap, Suburban Mortgage (which is partly owned by Giordano) wants to purchase Hillside for the amount of the outstanding debt. Bidders objected and it went to court. The new part is that last month (May) the judge decided to appoint a special counsel to investigate Suburban’s claims and then report to the court. That special counsel has yet to agree (I don’t know who it will be) and then get busy. This process is expected to take 90-120 days. Should the judge then not rule in Suburban?s favor, Suburban would probably appeal that decision. So expect that nothing will happen to Hillside for awhile. I’ll check in again with Rick in August.
“In the meantime, while the receiver obviously does not want to spend a lot of money on the property, they do want to keep it in good condition for the neighborhood. The lawn and bushes will be trimmed by the end of the week. Should you have any concerns about the property, just let me know and Id be glad to pass on those concerns.”
Call 734 -4478 during the day to leave a message for Liz to pass along to the receiver.