http://curedfoundation.org/genesitearticle.html
Opus has hired counsel to explore restructuring options forits Phoenix-based operating company, Opus West, according to Winstonn Hewett, a company spokeswoman. The restructuringt could include filing for Chapter 11 similar to action taken byits Atlanta-based Opus South subsidiar April 22. In early May, three weeks aftefr the Hill Country Galleria in Bee Cave was posteffor foreclosure, Opus' businesxs entity set up specifically for the outdoor mall filexd for Chapter 11 bankruptcy protection in Austin. Opus West stateed at the time thatthe mall's bankruptcy will enabls the company to restructure its construction loan.
The company was unablee to refinancethe project'w short term loan, which resulted in the foreclosure posting in April. The which opened in 2007, is anchorerd by Dillard's, Barnes & Noble and Dick'zs Sporting Goods. According to Phoenix-based Opus West, the propertuy will continue to operate as Alsoin May, Opus West President Thomas Roberte left the firm.
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