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Safety And Security

Resort mold remediation stalled by lawsuit

February 26, 2010
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FINDLAY, IL — After finally receiving a successful bid for the state-seized Eagle Creek Resort and Conference Center, plans for repairs and mold remediation totaling $892,000 have stalled due to a lawsuit by two banks claiming they have rights to collateral, according to the State Journal-Register.
According to the story, Eagle Creek was closed last summer due to extensive mold problems, at which point it was taken over by the Illinois Department of Natural Resources (IDNR), a move that Marine Bank of Springfield and Community Banks of Shelby County say blocked their ability to recover more than $3 million in loans and costs from the resort.
The IDNR awarded the BMDD Resorts Corporation of Decatur with the bid to operate the facility, but a final contract has not been negotiated, the story stated.
Mike Ballinger of BMDD Resorts said: "We look forward to beginning restoration as soon as the paperwork is finished."
BMDD Resorts is not named in the lawsuit, in which the banks claim the rights to collateral such as inventory, tools, equipment, machinery, vehicles, furniture and other personal property, the story noted.
Mold damage to the resort is extensive and will need to be removed from wall coverings, wallboard, heating and air-conditioning ducts, the pool area and carpets and pads, the story added.
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