Tag: Tzadik
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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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State Records Tie Adam Hendry’s Dakota Flats LLC to a Second Rapid City Motel
Rapid City SD – When Tzadik Mount Rushmore Hotel, LLC disclosed $28,000 in payments to an entity called “Dakota Flats” in the 90 days before its bankruptcy filing, the Sentinel reported what could be confirmed at the time: Dakota Flats, LLC is a real South Dakota company, and Adam Hendry — the hotel’s own manager…
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What the Tzadik Mount Rushmore Hotel’s New Bankruptcy Schedules Do – and Don’t – Reveal
Rapid City SD – Tzadik Mount Rushmore Hotel, LLC filed its schedules of assets and liabilities and Statement of Financial Affairs on Sept. 4, more than three weeks after the company’s Aug. 13 Chapter 11 petition. The filing was signed by Adam M. Hendry as Managing Member and executed the same day (Doc. 50, p.…
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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…