LAWSUITS NEWS & LEGAL INFORMATION
Bowling Center
This is a settlement for the Bankruptcy lawsuit.
Miami, FL: (May-01-08) Bowling magnate Don Carter and his wife Paula Carter brought charges against the city of Homestead, over the sale of a city-owned bowling alley. The suit stated that the city foreclosed on the Homestead Bowling Center complex, 111 S. Homestead Blvd., in 2007, as the earlier owner Herbie Yamamura filed for bankruptcy. Records indicate that the Carters and Yamamura were one time partners. The Carters sued the city, seeking it to pay off a $1.5 million construction loan Yamamura had taken on the property. Following that, the city countersued.
As a result of several sessions of mediated negotiations, the two sides announced that they had reached a settlement agreement. Under the terms of the agreement, Homestead will pay Don and Paula Carter $90,000 to settle the lawsuit over the secondary loan dispute. The city claimed that as the complex is sold, money from the sale will be used to pay off a $2 million city loan given to the Homestead Community Redevelopment Agency to purchase 45 dilapidated shotgun houses off Lucy Street. The purchase of those shotgun houses has sparked much controversy. [MIAMI HERALD: HOMESTEAD, DON CARTER REACH SETTLEMENT ON BOWLING CENTER]
Published on May-4-08
As a result of several sessions of mediated negotiations, the two sides announced that they had reached a settlement agreement. Under the terms of the agreement, Homestead will pay Don and Paula Carter $90,000 to settle the lawsuit over the secondary loan dispute. The city claimed that as the complex is sold, money from the sale will be used to pay off a $2 million city loan given to the Homestead Community Redevelopment Agency to purchase 45 dilapidated shotgun houses off Lucy Street. The purchase of those shotgun houses has sparked much controversy. [
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