Court Documents: Sherman Hills Sale Price Tops $16M

Map of Pennsylvania highlighting Luzerne County

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

The current owners of the troubled Sherman Hills Apartments in Wilkes-Barre will receive more than $16 million should a proposed sale be finalized this month, according to court documents filed Tuesday in Luzerne County Court.

Family members of a murder victim are trying to block the sale or have the sale proceeds placed in escrow, claiming the sale of the low-income housing project would make the complex “judgement proof.”

On Tuesday, lawyers for Sherman Hills filed their response, saying the sale should be allowed to proceed.  The sales agreement was attached to the response and revealed Brooklyn, N.Y.-based Park Management, the complex’s owner, will be paid $16.2 million from the sale.

Survivors of murder victim Shantique Goodson, 27, fatally shot at the complex on Nov. 11, 2013, are seeking an injunction to block the sale, or place the sale proceeds in escrow, until the lawsuit plays out. A hearing on the matter is scheduled for Wednesday morning in Luzerne County Court.

Read more: http://citizensvoice.com/news/court-documents-sherman-hills-sale-price-tops-16m-1.1664522

Enhanced by Zemanta

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s