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Originally Posted by iheartphilly
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Is this a really done deal now? Or will there be some other law suit to hold up the sale? It seems like there is a big creditor that wants it money.
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I don't trust Hilco, although they have a record of handling similar sites. For a location that is going to take a decade or more to close, demo, then clean, before any work on creating something new can begin, what's the rush to have all the ducks lined up in 3 or 4 months? My big question is when do they pay the $252M; that's a indication of when they are serious.
Unfortunately I think this is just the first of many plans to be kicked around and taken to court. When his holiness Lord Trump leaves office might effect its future, as its clear that he and his gang think carbon based energy is the way of the future. My best guess is that unless someone has the capital and the political pull to be given permission to run the site as a refinery, that after 5+ years the City will end up owning it, then the process will start all over