The developer of a large apartment and townhome project near Ogden, between Junction City and Manhattan, on the edge of Fort Riley, has declared bankruptcy.
RIM Development of Ogden said in the filing late last week that its partially built development on 500 acres of land is estimated to be worth at least $20 million. Its mortgage, with Textron Financial, amounts to $10.2 million.
Its largest local creditor is Foulston-Siefkin, at $65,000.
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