Saturday, January 15, 2011

With friends like these…

An article in the Tribune-Review reveals Charlie Batch's troubles with his Batch Development Co. which is trying to renovate and revitalize properties in Batch's hometown of Homestead. The company has 25 properties in Homestead, has $2.3 million in assets, but $8.29 million in liabilities. The company declared bankruptcy after defaulting on a $1.15 million mortgage. Here is what the mayor of Homestead, Betty Esper, said of the situation:

"I'm proud of Charlie — we all are," she said. "He's always made us proud. ... Charlie comes across as being so clean cut. He's a guy who's never had bad publicity, until now. Never problems with girls, or with drinking. As many times as I've hugged him, I've never smelled liquor on him."

1 comment:

Big Myk said...

Perhaps Charlie Batch has come to the same realization as Monty Python's Dennis Moore:

Wait a tic... blimey, this redistribution of wealth is trickier than I thought.