Cle Elum is moving to declare bankruptcy. Here's why
1 day ago · CLE ELUM, Wash. — The Cle Elum City Council approved a resolution at a Tuesday night meeting that allows the city to file for bankruptcy in the aftermath of an expensive ruling resulting from a ...
Cle Elum council votes to seek Chapter 9 bankruptcy
16 hours ago · CLE ELUM — Following repeated complaints about a $22 million judgment against it and the company behind a stalled housing project, the Cle Elum City Council decided to file for bankruptcy during ...
‘I don’t have optimism:’ Cle Elum one step closer to declaring bankruptcy
The small town of Cle Elum, Washington is one step closer to declaring bankruptcy after a special meeting and vote by its city council Tuesday night concerning how to manage a recent judgment ...
The City of Cle Elum to File for Bankruptcy - kimatv.com
1 day ago · Cle Elum, Wash. — The Cle Elum City Council voted 4-2 Tuesday to proceed with filing for Chapter 9 bankruptcy, a decision spurred by a $22.3 million judgment awarded to City Heights Holdings, the developer of a proposed 950-home project. City officials say they cannot afford to pay the award and view bankruptcy as the only viable option. “The fact remains, no …
City Of Cle Elum Declaring Bankruptcy - kpq.com
1 day ago · The City of Cle Elum is filing for bankruptcy. The decision was announced by the City Council of the Kittitas County town of roughly 2,500 people at a special meeting on Tuesday. The council passed a resolution to file for Chapter 9 protections in U.S. Bankruptcy Court on a …
City of Cle Elum to File for Bankruptcy | Columbia Basin ...
1 day ago · CLE ELUM - The Cle Elum City Council voted 4-2 on Tuesday to proceed with filing for Chapter 9 bankruptcy, a decision driven by a hefty $22.3 million legal judgment in favor of City Heights Holdings. The developer, responsible for a planned 950-home project, won the judgment after disputes over contract terms and permitting issues that ...
TALK TURNS TO BANKRUPTCY: Cle Elum owes $22M to land …
Dec 7, 2024 · Cle Elum has allegedly hired a bankruptcy lawyer in response to an arbitrator ruling that the city owes $22.2 million to City Heights after failing to uphold a development agreement for the...
Cle Elum ponders next steps: City bankruptcy is back on the table
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Cle Elum and City Heights to discuss alternatives to bankruptcy
Jan 21, 2025 · Cle Elum and City Heights have agreed to meet to discuss payment options for the nearly $23 million owed after the city was found guilty of violating a land development agreement.
Cle Elum considers bankruptcy amid $22M debt in development …
Jan 8, 2025 · CLE ELUM, Wash. – Declaring bankruptcy is almost unheard of for cities in Washington. But leaders in Cle Elum are considering the drastic step amid a long-running dispute with a homebuilder...
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