A source sent us the Chapter 11 bankruptcy filing of Robert Bisno, the man who essentially bought an election for SanTana Mayor Don Papi Pulido's regime by pouring tens of thousands of dollars into a campaign that extended term limits for the SanTana city council. Maybe the developer of the desolate City Place Lofts on the city's north side should've been paying his bills instead of fucking with democracy, though.
In his August 31 filing, Bisno claims to have between $100,000 and $500,000 in assets and admits to $10 million to $50 million in liabilities. But that number is dwarfed by the claims businesses and creditors have against Bisno--the top 20 alone say Bisno owes them an incredible $258,390,160. Yes: more than $258 million. Is the entirety of the CityPlace lofts even worth a tenth of that?
Among the funny creditors listed include $1.4 million in legal fees, $247,106 from the IRS, more than $100,000 in disputed credit card bills and $120,000 in divorce proceedings to add insult to injury. And none of this includes the multiple lawsuits filed against Bisno and his various businesses over the City Place lofts, mostly for unpaid bills. I glimpsed only a tiny bit of the massive combined cases against Bisno yesterday, but did see a claim by drywallers for more than $300,000, and a construction company saying Bisno hadn't paid $8 million for their job on the lofts.
If you like this story, consider signing up for our email newsletters.
SHOW ME HOW
You have successfully signed up for your selected newsletter(s) - please keep an eye on your mailbox, we're movin' in!
What's most disturbing about this entire episode is that Don Papi Pulido and Councilwoman Claudia Alvarez were gladly stumping for Bisno's proposition and entertaining a proposed tower next to the City Place lofts when companies were already filing lawsuits against Bisno. Does anyone in SanTana City Hall bother to do their homework outside of assignments that teach them how to keep power and keep a city down?