Ship Shape? Not So Much
The Queen Mary Got A Royal Sum For Repairs. Now Its Operator Is Filing For Bankruptcy
Updated
Published
January 20, 2021 5:14 PM
File: People visit for free on the 80th anniversary of the Queen Mary on Sept. 26, 2014 in Long Beach. (Frederic J. Brown/AFP via Getty Images)
The operator of the Queen Mary, the nearly 90-year-old ocean liner owned by the city of Long Beach, has filed for Chapter 11 bankruptcy.
According to court documents acquired by the Long Beach Post, Singapore-based Eagle Hospitality Trust filed for bankruptcy on Monday, with more than $500 million in debt.
Long Beach Post reporter Kelly Puente says the bankruptcy is the latest in a long string of financial problems.
Ship Shape? Not So Much
The Queen Mary Got A Royal Sum For Repairs. Now Its Operator Is Filing For Bankruptcy
Updated
Published
January 20, 2021 5:14 PM
File: People visit for free on the 80th anniversary of the Queen Mary on Sept. 26, 2014 in Long Beach. (Frederic J. Brown/AFP via Getty Images)
The operator of the Queen Mary, the nearly 90-year-old ocean liner owned by the city of Long Beach, has filed for Chapter 11 bankruptcy.
According to court documents acquired by the Long Beach Post, Singapore-based Eagle Hospitality Trust filed for bankruptcy on Monday, with more than $500 million in debt.
Long Beach Post reporter Kelly Puente says the bankruptcy is the latest in a long string of financial problems.
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Assemblywoman Sharon Quirk-Silva (D – Fullerton) continues to assist the elderly and homeowners through funding provided by state agencies. Both the California Department of Housing and Community Development (HCD) and the California Health Facilities Financing Authority (CHFFA) have provided funding for various programs.
The CHFFA recently awarded Community SeniorServ, Inc. a HELP II Loan in the amount of $1,490,000. The HELP II Loan Program, administered by CHFFA, provides low interest loans up to 1,500,000 to nonprofit health facilities. These funds provide much needed capital to small facilities that often have difficulty accessing funds to care for our underserved and vulnerable population. Furthermore, the City of Cypress was awarded the Local Early Action Planning (LEAP) program grant in the amount of $150,000 to help provide funding to accelerate much needed housing production and create strong healthy, and resilient communities with affordable housing. This funding was p