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What Next For Village at Sunriver?

I was saddend to read today that foreclosure proceedings have been started against SilverStar.  The article I read did not mention what any plans were – other than SilverStar is in default.  I hope that something can be done to continue a forward movement.

To find more info that is not published by either side of this local heated debate I find that BizJournals gives some pretty straight facts.

SilverStar Destinations LLC has defaulted on a $26.7 million loan it received to redevelop Sunriver Mall. The lender, Las Vegas-based Vestin Mortgage, has started foreclosure proceedings and litigation to recoup its losses.

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