Tuesday, January 15, 2008

Boise Place Lives

Posted By on Tue, Jan 15, 2008 at 4:00 AM

Boise Place isn't dead quite yet.

According to the Associated Press, developer Gary Rogers, owner of Charterhouse Boise Downtown Properties, reached an agreement with bankruptcy trustees to avoid foreclosure on the property for the time being.

Rogers agreed to pay overdue fees, as well as file necessary documents, in regards to his Chapter 11 bankruptcy proceedings after he defaulted on a $2.5 million loan last year.

Rogers had failed to make the necessary filings and payments, forcing the trustees to request the case be moved into Chapter 7 liquidation.

He has until Jan. 22 to take the necessary steps.

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