Arcadia sub-division goes bankrupt - Toledo News Now, Breaking News, Weather, Sports, Toledo

Arcadia sub-division goes bankrupt

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Owners of Red Hawk Run have filed for bankruptcy. Owners of Red Hawk Run have filed for bankruptcy.

ARCADIA, OH (Toledo News Now) – The village of Arcadia has been left to pay for a water line after the owners of a sub-division filed for bankruptcy.

Big Lick 254 LLC., owners of the Red Hawk sub-division where 50 people live, said they don't have any money to pay for a water line that was installed in 2002. They dealt with the village to pay for the last 12 years – Arcadia borrowed the money needed on behalf of Big Lick. Now they are cutting that agreement short.

"They've paid for the last 12 years, and now they've left us with the last eight or nine years," said Arcadia Village Administrator Jeff Hannah.

That amounts to about $360,000 for the village.

Hannah said that as of right now, the people in Arcadia will not have to worry about their water rates increasing.

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