Friday, February 18, 2011

Business First: Ibiza slapped with foreclosure lawsuit by county seeking unpaid property taxes



The financial fallout of the scrapped Ibiza condominium tower has deepened with the filing of a foreclosure for unpaid property taxes and several more lawsuits from would-be buyers over the past few months.

Even so, the property’s lender still hopes a revised project can succeed on the Short North site.

Franklin County Treasurer Ed Leonard’s office filed foreclosure lawsuits Feb. 8 against Apex Realty Enterprises LLC for more than three years of unpaid taxes on the site at 830 N. High St. and a neighboring property at 26 E. Hubbard Ave.

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