GRAND RAPIDS, Mich. (WOOD) - The Village at Knapp's Crossing shopping center has filed for bankruptcy.
Developer Steve Benner and Knapp's Crossing LLC say they owe $5 million. Among those debts is $4 million owed on a mortgage to a Chicago bank and $70,000 owed to the City of Grand Rapids for running a water main to the project.
Benner battled with the city for years over the development.
"PF Chang and many other tenants that are going to follow are dead," he told 24 Hour News 8 in 2011 during one of those disputes.
After repeated rejections, he finally got the city's OK. The Village at Knapp's Crossing now contains a PF Chang's and a D&W, but most of it remains undeveloped.
But PF Chang previously sued the developer and won because the building was 390 days late getting finished.
The next actual courtroom action is set for Sept. 12, when PF Chang's will try to convince the judge to leave it out of the bankruptcy so it can get the $146,000 the local court says Benner owes.
Court files show two other bankruptcy cases involving Benner corporations filed two years ago. They list more than $20 million in debts at the time. Those cases are ongoing.
Benner owns a string of commercial buildings and strip malls. 24 Hour News 8 was told he was not at his office on 28th Street Thursday.
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