PASADENA – ColoradoBoulevard.net:
The City of Pasadena has received $497,000 to resolve its claims in the bankruptcy of Urban Commons Cordova A, LLC, one of the former operators of the Sheraton Pasadena Hotel.
By News Desk
Urban Commons collected transient occupancy tax and tourism business improvement district assessment monies without turning the monies over to the city on a monthly basis, as required by law.
In proceedings unrelated to Pasadena earlier in Urban Commons’ bankruptcy case, the bankruptcy judge found two of Urban Commons’ former principals to be “fraudsters.”
Pasadena’s lawsuit in California court continues against other operators of the Sheraton Pasadena Hotel, for unpaid hotel tax, interest, and penalties.
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