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Friar Tuck Inn Sold

New postPosted: Fri Nov 20, 2009 12:25 pm
by mike
On November 19, 2009 the Frair Tuck Inn was auctioned off to one sole bidder for 4.5 million. The new owner will be Caterpillar Lawn Service Inc. of Oklahoma City, OK. The owner of CLS is alleged to be Joseph T. Abbo of Oklahoma City. The 4.5 million will not pay for the outstanding debt of secured and unsecured vendors.

There were inquiries from far and wide for the property. But in the end, there was only one bidder. As long as he pays the 4.5 million in a timely manner, they will become the new owner. The auction was delayed for 2 hours while they waited for more bidders. The auction was also delayed 1 month to secure more bidders.

You can read more about the story here: http://www.thedailymail.net/articles/20 ... 409845.txt