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December 7, 2006

Bankrupt Arizona builder's development to be auctioned

PHOENIX (AP) — Hundreds of homes and lots left unfinished in Pinal County by a bankrupt home builder could be auctioned to clear tens of millions of dollars in debt, officials said.

Scottsdale-based Charlevoix Homes LLC has offered $29 million in a bankruptcy court settlement to buy the properties in Casa Grande and Maricopa and proposes finishing Turner-Dunn homes at the original contract price for buyers who still want them.


 
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