Notice

David Schaef update: (12/05/23)

I spoke with David yesterday. He had just arrived at the Encompass Health Rehabilitation Hospital in Erie.

There are still a couple of issues to resolve, and David is optimistic that Encompass has the skills. We didn't speak much of medicine and health, most of the conversation was about our subscribers and the Community News newspaper.

I was much encouraged by the tone of his voice and the idea he was interested in talking about Community News. So, he’s at that, “I want to get back to work” stage of healing.

He talked about his subscribers and a letter he is composing for them. He talked about how to proceed with the newspaper when he gets home.

He said he hopes to be home in 2 weeks.


Thank You all for your Love and Prayers and Well Wishes.
Tom Deighton

CL Park payout plan extends 20 years

Details
Written by DAVID SCHAEF DAVID SCHAEF
Created: 10 August 2015 10 August 2015

The Conneaut Lake Park plan to get out of bankruptcy and pay off creditors calls for some debt payments to extend 20 years according to documents filed with the U.S. Bankruptcy Court in Erie last week.

The plan was filed at the court on Friday, July 31, with a judge on Monday, Aug. 3, scheduling a hearing on the park’s plan to pay the $3.8 million in debts for September 1.

The plan suggests the four governments [Conneaut School District, Crawford County, and the townships of Sadsbury and Summit], owed over $900,000 in back taxes, would be paid in a year while others would wait longer with the plan saying payments on some debts would extend 20 years and others being paid a “modest” amount.

Creditors were given until August 25, to file their responses to the Park plan which relies on receiving the proceeds from the fire insurance on the burned down Beach Club and selling some land in the Park.

The main property to be sold is listed as the Flynn property which has 330 feet of lake front access and could generate from over $900,000 to $1.3 million.

Read more in this weeks issue.

For additional details about CL Park payout plan extends 20 years, as well as the headlines noted below, please purchase a Monday, August 10, newspaper at area locations or a digital download of the paper.

  • Mister Mike’s now open! Family friendly eatery! Page 19!
  • See what $19.98 can buy at Arcaro’s! Page 9!
  • CL Presbyterian Church to celebrate 100th anniversary