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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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Salvage work continues at A.P. Green site | The Mexico Ledger

Salvage work continues at A.P. Green site
Published by admin on Thu, 12/17/2020 - 11:50pm
The partial remains of a factory building at the A.P. Green Firebrick company site in Mexico. The three buildings visible from the road will remain standing for now. [Nathan Lilley]
By:
Editor
Bean Excavating & Dirt Work remains on site at the former A.P. Green Firebrick complex, completing salvage operations.
The work is being done on land owned by Abacus Industrial Holdings out of Scottsdale, Arizona. According to Mexico economic development director Russell Runge, the excavating company is tearing down all factory buildings on the property. ....

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