Date: Sat, 23 Jul 2011 09:33:46 -0400
From: Gene Galin
Subject: Owners of Chatham Mills file for Chapter 11 bankruptcy
Read the entire story at http://www.bizjournals.com/triangle/print-edition/2011/07/22/pittsboro-rehab-in-bankruptcy.html
Trouble is looming over the historic Chatham Mills campus in downtown Pittsboro.
Owners of the Hillsboro Street property have filed for Chapter 11 bankruptcy protection and are working on a reorganization plan to stave off more than $5 million in bank debt that’s weighing on the property.
Hillsborough businessman Tom Roberts and his group of investors purchased the 80,000-square-foot mill in 1997.