Adelaide Pointe Foreclosure Battle | Grand Rapids News

Adelaide Pointe in Muskegon’s future hangs by a thread as West Shore Bank moves to foreclose on a $7 million debt tied to the brewery and event space, threatening to shutter operations and invalidate Leestma’s alcohol license — all while he battles under Chapter 11 bankruptcy, which the bank argues doesn’t cover the specific LLCs holding the property. With 34 luxury condos still unfinished and needing $5 million more to complete, Leestma’s survival hinges on a legal maneuver that could keep his project alive — or doom it by September 18th. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/921828b0944f48f7