IBRC Urges Bankruptcy Approval Of $5.8M Tampa Deal

Law360, Wilmington (February 14, 2014, 10:21 PM EST) -- Irish Bank Resolution Corp. urged a Delaware bankruptcy judge Friday to bless a $5.75 million deal with the Tampa Port Authority that would wind up its involvement in Channelside Bay Plaza in Tampa, Fla., while a real estate developer argued the court should instead consider its own higher offer.

IBRC holds the loan its predecessor Anglo Irish Bank issued to the plaza's leaseholder, and the agreement with the TPA represents the best deal for that asset, attorney Van C. Durrer II said at a hearing in...
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