Tag: Star village
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Star Village and Aspen Park Are Going to Auction. Here’s What It Means For Tenants
Rapid City SD – For the people who live at Star Village and Aspen Park, the bankruptcy deciding the future of their homes has mostly played out in a courtroom in West Palm Beach, Florida, about 1,800 miles away, in filings that run close to 100 pages apiece. The answers to the questions tenants actually…
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The Deal That Was Supposed to Save Star Village from Auction Appears to Have Collapsed
Rapid City SD – For most of September, the story on Star Village looked like this: a settlement with a judgment creditor had pulled the Rapid City trailer park out of a straightforward bank liquidation and retitled it into a new ownership entity, as part of a broader $66.5 million refinancing deal. A new filing…
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Rapid City Is Writing Off $33,840 in Past Due Tzadik Utility Debt Deemed Uncollectable
Rapid City SD – Tucked into a routine, $125,642.10 citywide utility write-off headed to the Rapid City Council on Oct. 5 is $33,840.53 in unpaid bills tied to Tzadik, the Florida-based landlord. The debt is spread across 93 individual line items in Appendix A to Resolution No. 2026-077, ranging from a 17-cent credit to a…
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“We’re Going To Have a Hill Filled With Luxury Homes and Apartments”, Alderman Evans States As Council Splits on Chasing Tzadik Utility Debt
A motion to table failed. A council member couldn’t get a straight answer on how a debt ballooned into six figures. And by the end, one alderman had already told the room how this ends. Rapid City SD – Rapid City Council’s Monday night vote to authorize outside counsel against several Tzadik-linked LLCs was never…
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Star Village Deal Only Half -Approved, as Fannie Mae Says Hendry’s History of Stalling Isn’t New
Six days after the hearing, the order that actually moves the property still hasn’t been entered. Aspen Park, meanwhile, stays on track for a November auction. Rapid City SD – A federal bankruptcy judge has authorized Adam Hendry to sign and carry out the settlement that would determine Star Village’s fate — but as of…
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Hendry v Hendry: The Man Who Sues His Own Empire
Rapid City SD – Adam M. Hendry is, on paper, one of the most closely supervised people in South Dakota real estate right now. A federal Plan Administrator holds sole authority to sell his ranch, his hotel, and dozens of the LLCs that carry his name. A confirmed bankruptcy plan bars one of his own…
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The Rapid City Legal and Finance Committee Reject Tzadik’s Offer to Delay $643,000 Collection Suit
Mitch Richter — the same lobbyist Council President Stephen Tamang named on the record at the July 20 council meeting — stood before the Legal and Finance Committee Wednesday and asked it to hold off on suing Tzadik-linked LLCs over unpaid utility bills. The committee said no, and sent the item to full Council unanimously.…
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A Readers Guide To the Adam Hendry/Tzadik Bankruptcy Cases to Date
Rapid City SD – The Sentinel has covered Adam Hendry’s Tzadik real estate empire hearing by hearing, filing by filing, since late July — sixteen pieces and counting. This is the first time we’re stepping back to lay out the whole picture in one place: four separate bankruptcy cases, dozens of LLCs, and courtrooms in…
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Rapid City Moves to Collect $643,000 from Tzadik – Linked LLC’s Already Headed to Auction
Rapid City SD – The City of Rapid City is preparing to go to court over more than $643,000 in unpaid utility bills owed by five LLCs tied to embattled landlord Adam Hendry’s Tzadik real estate portfolio — money that, in several cases, is attached to properties already moving through court-ordered liquidation. The request is…
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Settlement Filed in Tzadik Bankruptcy Sets Accelerated Sale Deadline for Hendry’s Farm, Ranch and LaCrosse Estates Apartments
Rapid City SD – A settlement agreement filed Sept. 11 in the Tzadik Sioux Falls Portfolio III bankruptcy case sets hard deadlines for the sale of three properties tied to Rapid City developer Adam Hendry — a South Dakota ranch, a Florida farm, and LaCrosse Estates Apartments, the 265-unit complex at 761 E. Anamosa St.…