Brief mention of THP's HQ

[administrator]

Originally Posted by 043009

Couple of points for this thread:

-No sign on Rt 63 means the land will be going back to the bank at some point.
-$100 million is grossly overstating the amount of debt THP had prior to filing.
-The building could have been good for the area. The township would have received a nice raise in taxes. All those employees spending money in the general area = good for businesses. Also, the site was to have 2 or 3 restaurants included. Harleysville could use something other than pizza and chinese food.

One quick question - you mentioned $100 million is grossly overstating the amount of debt prior to filing?

Just one corporate entity alone filed yesterday (THP Inc) with a total of 63.5 million of liabilities thus far.

And as more and more claims come in...

THP LP has 134 million to itself.

Perhaps people weren't calling all the debts in, but there was and continues to be a lot of money owed in many different places.