Kinsley Construction now owns a four-story building linked to members of multi-platinum rock band Live and has received millions of dollars in taxpayer money to help revitalize York, according to a copy of the act.
120 York LLC on Monday moved the deed to 210 York St., which is 53,000 square feet and once housed Bi-Comp, a printing house. The building is opposite PeoplesBank Park, home of the York Revolution, and features a ‘Think Loud’ sign in black letters.
Last week, Chief Justice Henry W. Van Eck of the United States Bankruptcy Court for the Middle District of Pennsylvania signed an order granting 120 York’s motion to dismiss its bankruptcy case. In 2020, Kinsley obtained a judgment of over $ 13.94 million against the entity.
In a statement, Kinsley said: âWe still hope this matter will be resolved by the end of October. At that time, we will provide additional information on the next steps in the building. “
Bill Hynes, who wrote that he was president and CEO of 120 York, signed a deed in lieu of foreclosure on April 5.
The other members of 120 York are: Chad Taylor, Chad Gracey and Patrick Dahlheimer, respectively guitarist, drummer and bassist of Live.
Governor Tom Corbett’s administration provided a total of $ 7 million from the Capital Program for redevelopment assistance to the 210 York Street project, which included the renovation of the space.
The state reimbursed $ 3.38 million, according to the budget office.
At the time, York Mayor Kim Bracey declared at a press conference, “Somehow I feel like it’s not a one-shot development wonder.”
United Fiber & Data, a telecommunications startup in York that builds 340-mile fiber-optic line from New York to Ashburn, Va., in the suburbs of Washington, DC, is headquartered in the building – although this point has been disputed in the context of litigation.
The company had boasted that it create more than 300 jobs and generate more than $ 2 billion in tax revenues in 30 years in Pennsylvania.
Contact Dylan Segelbaum at 717-771-2102.