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Mexico still on hook for missing bond payments


Mexico still on hook for missing bond payments
Published by admin on Wed, 02/10/2021 - 11:27am
The city of Mexico seized former A.P. Green property owned by Abacus. It went on the auction block Tuesday afternoon. [Nathan Lilley]
By: 
Editor
The collapse of Mid-America Brick in 2013 continues to impact the city of Mexico, which is now on the hook to cover the annual bond assessment of approximately $150,000.
Abacus Industrial Holdings, owners of the old A.P. Green Firebrick plant location, failed to meet its obligation to make payments, leaving the city responsible. Last year the city won a judgement in the amount of almost $1.7 million plus daily interest against Abacus that also had not been paid. ....

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