Tag: Tzadik
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Star Village and Aspen Park Diverge as Landlord’s Refinancing Bid Heads to an August 31st Hearing
Rapid City SD – For more than a year, Star Village and Aspen Park have moved through federal bankruptcy court as a single unit. That’s about to change. A refinancing deal now pending before a Florida bankruptcy judge would send the two properties down separate paths, with one likely refinanced into stable new ownership and…
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The Rushmore Hotel’s Bankruptcy Gets It’s First Real Test in Court
RAPID CITY, S.D. — The Chapter 11 case of Tzadik Mount Rushmore Hotel, LLC went before a Florida bankruptcy judge Wednesday for a consolidated first-day hearing covering everything from payroll to critical vendor payments to a lender’s push to throw the case out entirely. The hotel — doing business as the Rushmore Hotel & Suites…
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Judge Approves Auction Backstop for Rapid City Apartment Complexes as Refinancing Pursued in Lieu of Sale
RAPID CITY, S.D. — A federal bankruptcy judge cleared the way Wednesday for two Rapid City apartment complexes, Star Village and Aspen Park, to be sold at auction, setting up a final sale hearing for November 3 even as a separate, competing deal to refinance the properties remains in play. Judge Mindy A. Mora of…
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Star Village Faces October Auction – If a Last Minute Deal Doesn’t Beat the Clock First
Rapid City SD – A joint motion now pending before a federal bankruptcy judge asks the court to send Star Village and Aspen Park to online auction in late October — but whether that auction ever happens may be decided a month earlier, and in a very different way. Merchants Bank of Indiana (MBI) and…
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The Recap Prior to Monday’s City Council: Split Decisions and Supplemental Funds
What’s on the Rapid City Council Agenda for Aug. 17, 2026: Council takes up the Reasonable Accommodation ordinance, a $1.28M appropriation, and decides who actually wins the sidewalk waiver argument. Consent Agenda Highlights Council opens Monday with 20 consent items — five sets of minutes going back to late July. A string of Public Works…
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The Tzadik Mount Rushmore Hotel Files for Bankruptcy -And the Paperwork Wasn’t Even Signed
Rapid City SD – The company that owns downtown Rapid City’s Rushmore Hotel & Suites filed for Chapter 11 bankruptcy protection on August 13 — the second time in just over a year that a Tzadik-affiliated entity has put South Dakota property into federal bankruptcy court, and the first time it’s happened to a property…
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Accountability is a Funny Thing: Tzadik Brought a Lobbyist to a Deadline It Already Missed
RepostRapid City SD- Nine days after the City of Rapid City signed three contracts to demolish the condemned garages at Star Village, the property’s owner tried to muscle back into a process it had already forfeited — filing its own demolition permits, only 18 of 28 of them, only after the city had already moved…