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Milwaukee's $1.9M loan to Bon-Ton at risk in bankruptcy case

Feb 05, 2018 - Milwaukee Business Journal

Milwaukee city officials are scrambling to determine "appropriate next steps" as Boston Store's parent company filed for Chapter 11 bankruptcy while listing a $1.9 million loan from the city of Milwaukee's redevelopment authority as "unsecured."

The city loan from January 2017 was one element of city officials effort to retain Bon-Ton Stores Inc. offices downtown and keep open the downtown Boston Store. The "unsecured" status of the $1.9 million loan could mean the city won't recover the m...