Massive Foreclosure Sale: 16 Office Buildings, $67M In Debt, Spanning 2 Counties

Locator map of the Harrisburg metro area in th...

Locator map of the Harrisburg metro area in the south central part of the of . Red denotes the Harrisburg-Carlisle Metropolitan Statistical Area, and yellow denotes the Lebanon Micropolitan Statistical Area, which is included in the Harrisburg-Carlisle-Lebanon CSA. (Photo credit: Wikipedia)

Sixteen office buildings, $67 million in debt.

It is a sprawling real estate portfolio, one that stretches from Mechanicsburg in the west to Lower Paxton Township in the east. And its all being put up for sale to the highest bidder in October, dramatically enough on the steps of the U.S. Federal Courthouse in Harrisburg.

The foreclosure sale – one of the largest, if not the largest in the midstate’s recent history – comes after a year-long, largely uncontested civil case in federal court, between one of the nation’s largest banks and a real estate company which serves as proxy for other, largely unknown investors.

The buildings include sites in Rossmoyne Business Park in Upper Allen Township, Interstate Drive in Susquehanna Township, and along Flank Drive in Lower Paxton, home to dozens of private businesses and several state agencies, including PEMA.

Reads more: http://www.pennlive.com/midstate/index.ssf/2013/09/massive_foreclosure_scheduled.html#incart_m-rpt-2

Costs Associated With May 9 Tanker Truck Fire Increased To $13 Million

Map of Pennsylvania highlighting Dauphin County

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

The Pennsylvania Department of Transportation has upped its estimate of the cost to repair damage caused by a May 9 tanker truck fire in Susquehanna Twp.

But, not by much.

District 8 spokesman Greg Penny said the original estimate was $10 million.

That has been increased to $12 million-$13 million.  The original estimate did not include reconstruction costs because it was not known at the time.

G.A. & F.C. Wagman Inc., of York was the low bidder for the reconstruction at $3.3 million.

Read more:  http://www.pennlive.com/midstate/index.ssf/2013/06/costs_associated_with_may_9_ta.html#incart_m-rpt-1

Harrisburg City Council Slams Receiver For Health Officer Exit

Map of Pennsylvania highlighting Dauphin County

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

HARRISBURG – The capital city’s restaurants might not be inspected during the next year because officials won’t spend $10,000.

That is, at least, the contention of some Harrisburg City Council members who blamed receiver William Lynch for losing a highly competent health officer to a better-paying post in a neighboring municipality.

Lynch was appointed to guide Harrisburg through the Act 47 recovery process brought on by the municipality’s $370 million debt and operating deficit.

For months, Lynch, his team, elected officials and city administration have presented a united front as they negotiate lower-cost deals with bondholders and city unions, as well as the sale of the incinerator and lease of public parking garages.

Read more:  http://www.pennlive.com/midstate/index.ssf/2013/06/harrisburg_city_council_slams.html#incart_m-rpt-1