Lorelei Under New Management Due to Bankruptcy
A trustee, and not Carl Lindback III, will have control over the famous Lorelei property on Upper Matecumbe Key while Lindback's Lorelei Associates goes through Chapter 11 bankruptcy reorganization. Keys News
So apparently the Lorelei has been run into the ground and they have filed bankruptcy to avoid a foreclosure. This is some bummer news for our group who frequent this watering hole. Fortunately, for businesses, foreclosure and bankruptcy are not a death knell and hopefully the Lorelei can come out of this as a profitable enterprise. Because let's face it, it sure would be a shame if there were no more Giant Mermaid to grope.
If it closes, it would be a shame. Has been around since I started going to the Keys in the 80's...who wants to pool money and buy it?
ReplyDeleteI think they are only in debt like a cool 10 million dollars or something.
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