Fashion Place owner, subcontractor reach settlement
General Growth Properties has signed a settlement agreement with the subcontractor who built the new Nordstrom store at Fashion Place Mall in Murray.
Camco Construction filed court documents in July alleging $4.5 million in unpaid debt for work already completed at the department store. Other businesses making claims against the company include a roofer, a cabinetmaker, an asphalt company and a tile company. Together, the claims add up to about $6.6 million
Chicago-based General Growth Properties owns Fashion Place Mall, the Cache Valley Mall in Logan, the Newgate Mall in Ogden, Provo Towne Centre, Red Cliffs Mall in St. George and the site of the now-demolished Cottonwood Mall in Holladay.
Terms of Monday's deal between Camco and GGP were not disclosed but attorney Kent Scott, who represents the general contractor, said that all the contractors involved in the court filings will be paid within the next few weeks. Payments will be completed in spring 2010 when the mall developer emerges from bankruptcy, Scott said.
The attorney pointed out that General Growth obtained a special court order allowing it to repay pre-bankruptcy debt with funds raised or borrowed after the April bankruptcy.
"You've got to take your hat off to them to go get a court authority to do that," he said. "The owner is really looking out for the contractor in this case, which doesn't happen a lot."
General Growth and Camco agree that construction liens, such as those filed in this case, are common for big development projects but that they are usually resolved easily.
"The contractors will be taken care of," Scott said.
e-mail: rpalmer@desnews.com
Comments
- Nat'l parks seek share of profits 10:24 a.m.
- UNLV refutes comeback 10:23 a.m.
- UVU romps to big win 10:22 a.m.
- BYU, Utah game highlights 10:20 a.m.
- Zimbabwe PM welcomes intervention 10:12 a.m.
- France, Rwanda agree to restore ties 10:06 a.m.
- Iran okays 10 enrichment sites 9:57 a.m.
- UAE to back banks amid meltdown 9:48 a.m.
- Sen. opposes a 2nd Bernanke term 9:39 a.m.
- NBA pressured to stop Adidas plan 9:34 a.m.
- Hall mouths off about hate of Utah
- Cougars beat Utes in overtime
- Cave to be sealed with body inside
- BYU is champion of the state
- Credit Coug defense for win
- Cougar defense rose to occasion
- Field goals, penalties doomed Utes
- Jones' joy for life remembered
- Predicting the unpredictable: BYU wins
- Man trapped in Nutty Putty cave dies
- Cougars beat Utes in overtime
418 - Hall mouths off about hate of Utah
274 - Thunder rolls by Jazz
136 - Cave to be sealed with body inside
115 - Man trapped in Nutty Putty cave dies
115 - Editorial: Poor welcome for Palin
113 - Rivalry Week is highly profane
89 - Hall's legacy measured today
75 - Y. focused on 10-win season
73 - Letters: C02 causes warming
71
If you're shopping online for gifts, take care. While there are some...
I'm a 25-year BYU fan. Great game to watch - it was close to the very last...
Where was her NCO beforehand? In my opinion a good NCO would have looked...
Enough said.
there's the rub.
Traditional views are changing. Marriage syno is Joined. It doesn't mean...
Utah 2 BYU 0 (zero, zip, nil) And yes, Utah fans can still talk BCS since...
Memo to Ute Fans: Admit it. You hate BYU, and we hate you all too. Someone...
Utah 2 BYU 0 (zero, zip, nil) And yes, Utah fans can still talk BCS...
legalizing marriage for the gays will end up being a plague upon them. Old...
2 more paragraphs and you would have made it. An entire piece without some...


You can be the first to comment on this story.