Comment on Bank takes ownership of Schlitterbahn water park at auction

Bank takes ownership of Schlitterbahn water park at auction

SAN ANTONIO (AP) — A bank that held roughly $32 million in debt by the Schlitterbahn Riverpark & Resort in Texas' North Padre Island has taken ownership of the park at a foreclosure auction. San Antonio lawyer Jon Lowe, who conducted the auction, told the San Antonio Express-News that IBC Bank made a $20 million "credit bid" as the lone bidder for the park.Read more on NewsOK.com

 

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