George Washington Bridge Bus Station eyes third exclusivity extension

By Caroline Salls

Pittsburgh, July 22 – George Washington Bridge Bus Station Development Venture LLC requested a third extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to a motion filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, George Washington Bus Station asked the court to extend its exclusive plan-filing period by 120 days through Dec. 2 and the solicitation period through Jan. 31, 2021.

According to the motion, investors and their lenders are taking a pause to determine the extent of closures from Covid-19. Primary markets are entirely shut down and retailers and operators are requesting rent deferrals.

“In all likelihood, the debtor cannot complete a sale process and emerge from Chapter 11 at this time,” the motion said.

“The debtor needs additional time to address the fall-out from Covid-19 and complete the sale or plan process.”

A hearing is scheduled for Aug. 4.

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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