20120716-NEWS--1-NAT-CCI-CL_-- 7/13/2012 1:25 PM Page 1 $2.00/JULY 16 - 22, 2012 Effort gears Bank seeks up to mount receiver for school levy Akron-based campaign lumber firms In lawsuit, Huntington Backers will seek help fears Empire ‘insolvency’ from businesses, but By MICHELLE PARK face a crowded ballot
[email protected] The future of a group of lumber By TIMOTHY MAGAW companies based in Akron is unclear
[email protected] after a judge ordered a receiver to take control of the companies amid The coalition that got behind allegations that a large amount of legislation to reform the operations the assets pledged as collateral for of the Cleveland Metropolitan School millions of dollars in bank debt either District is scrambling under a tight does not exist or may be at risk. deadline to put together a campaign In a lawsuit filed June 11 in Cuya- aimed at passing this November a hoga County Common Pleas Court, school operating levy for the first time STAN BULLARD attorneys for Huntington Bank re- in 16 years. Forest City Enterprises is considering converting to apartments the Halle Building, on Euclid Avenue in downtown Cleve- quested that a receiver be appointed The coalition of Mayor Frank land, shown here looking east on Euclid. to operate Empire Enterprises Inc., a Jackson, school district officials, the forest products and building materials Greater Cleveland Partnership and distribution holding company; its local foundations is on the verge of subsidiary, Empire Wholesale Lumber tapping a consulting firm to lead the Co., which has been in business for campaign.