Bolsa Chica Boneyard Builder Brightwater Bankrupt
We missed this yesterday, but still think you should know: The company that owns Brightwater -- the company that wanted to build 300-something homes on Huntington Beach wetland -- announced it was filing for Chapter 11 bankruptcy Wednesday.
Both naturalists and Native Americans strenuously fought approval for Brightwater's planned Bolsa Chica development. The plan was ultimately given the okay -- just as the housing market crashed.
Now, California Coastal Communities Inc. faces a $182 million debt. They're looking to restructure in court.
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