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Published on 5/22/2020 in the Prospect News Distressed Debt Daily.

George Washington Bridge Bus net loss narrows to $771,685 in April

By Caroline Salls

Pittsburgh, May 22 – George Washington Bridge Bus Station Development Venture LLC reported a $771,685 net loss for April on $459,610 in net revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, George Washington Bridge posted a $910,785 net loss for March on $436,915 in net revenue.

The company had $114,868 in unrestricted cash and equivalents as of April 30, down from $928,443 at the end of March.

George Washington Bridge Bus Station Development Venture is a Reston, Va.-based development company. The company filed bankruptcy on Oct. 7, 2019 under Chapter 11 case number 19-13196.


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