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