Post Falls Landing auction canceled, again

Trustee Jonathon "J.D." Hallin, attorney with Lukins and Annis, announces the postponement of the auction of Post Falls Landing Monday at the Kootenai County Courthouse in Coeur d'Alene.

COEUR d'ALENE - Developer Harry Green has filed a new bankruptcy case, canceling Monday's trustee sale at the Kootenai County courthouse of the Post Falls Landing property.

The Chapter 11 corporate bankruptcy was officially filed Friday afternoon by Green's Point at Post Falls LLC, doing business as Post Falls Landing, in U.S. Bankruptcy Court in Coeur d'Alene.

"It's now postponed indefinitely," said J.D. Hallin, of Lukins and Annis, of Coeur d'Alene, which represents project creditor Liberty Bankers Life Insurance Co.

According to a notice for Monday's auction, the amount owed on the loan for the property is $7.58 million, plus an additional $1.6 million in interest and late charges.

Green couldn't immediately be reached for comment Monday.

The multi-use development along Spokane Street and the Spokane River was to be sold to the highest bidder Monday on the courthouse steps.

The project once was touted as a future anchor at the heart of Post Falls, but development has languished for more than a decade.

An auction also was scheduled for December of last year until Green filed Chapter 11 corporate bankruptcy the morning of the sale.

That bankruptcy case was dismissed by Chief U.S. Bankruptcy Judge Terry L. Myers, allowing Liberty Bankers to proceed with foreclosure on the 33-acre site near the Post Falls Dam.

Read More Local News

Music poll reveals wide North Idaho tastes

February 26, 2017 at 5:00 am | Coeur d'Alene Press Wow, you’re really into this thing. The first-ever Press Pop Music Poll seems to have struck a chord (pun intended) with folks in North Idaho. Unless the internet stops working in the next few minu...

Read More

State reps come to the people

February 26, 2017 at 5:00 am | Coeur d'Alene Press COEUR d’ALENE — Education and liquor licenses were the hot topics of Saturday's town hall meeting with Idaho Representatives Paul Amador and Luke Malek. More than 80 community members showed up at...

Read More

Redman, Barbieri discuss health care options, among other topics

February 26, 2017 at 5:00 am | Coeur d'Alene Press ATHOL — Rep. Eric Redman guaranteed attendees at a town hall Saturday that Medicaid would not be expanded in Idaho this legislative session. Eleven people attended the health care town hall hosted...

Read More

Graydon Stanley: A full plate at NIC

February 26, 2017 at 5:00 am | Coeur d'Alene Press On hot summer days, when he’s not working, Graydon Stanley can be found on his pontoon boat on Lake Coeur d’Alene reading a book, listening to music or just enjoying the day with his wife. Stanley...

Read More