Subdivision developers file for bankruptcy

Tools

By The Associated Press

Story Published: Sep 10, 2008 at 7:13 AM MST

Story Updated: Sep 10, 2008 at 7:13 AM MST

TOWNSEND - The developers of a planned 2,600-lot subdivision in southern Broadwater County have filed for Chapter 11 bankruptcy reorganization.

Steve Cavanaugh says he looks at the filing as a step in an effort to get the Rolling Glen Ranch development back on track. Cavanaugh failed to meet a Feb. 13 deadline for a subdivision road agreement with Broadwater County. The county then suspended final plat approval for the first two phases of the Rolling Glen Ranch north of Three Forks, freezing lot sales or land transfers unless they had commission approval.

The county has also filed a lawsuit against Steve and Susie Cavanaugh, seeking $258,400 for promised road improvements. Cavanaugh says the county's actions have made it nearly impossible to sell lots.

Add a comment

Name:

Comment: 500 Characters Left

News, Sports, Weather for Great Falls, Helena, and all of Montana and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

Great Falls Weather

Icon
Current Temp 49.0 °F
Fair
Wind : South at 10.4 MPH (9 KT)
Pressure : 996.4 mb
Humidity : 17 %
Click here for our video forecast
More Weather

Helena Weather

Icon
Current Temp 40.0 °F
Fair
Wind : Southeast at 6.9 MPH (6 KT)
Pressure : 1001.5 mb
Humidity : 33 %
More Weather

On Demand

Stock Quotes
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Cast Your Vote

Do you like the new Montana license plates being proposed?

  • Yes
  • No
  • I'm on the fence

AP Video