Monolith Solar s demise leads to sale of properties
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The unfinished Monolith Solar building at the Vista Technology Campus in Slingerlands. The company s assets are being sold off by a court-appointed receiver to recoup as much as possible for KeyBank, Monolith s main lender.Larry RulisonShow MoreShow Less
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Steve Erby, center, president of Monolith Solar, speaking to the Bethlehem Industrial Development Agency board a few years ago when the company started experiencing financial troubles. At right is CEO Mark Fobare. Photo by Larry Rulison Show MoreShow Less
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ALBANY It appears that Monolith Solar is not going to survive after falling into financial troubles in 2018 and being sued by its main lender KeyBank for $6 million in unpaid loans.