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Published on 1/22/2020 in the Prospect News Distressed Debt Daily.

George Washington Bridge Bus records $807,063 net loss for December

By Caroline Salls

Pittsburgh, Jan. 22 – George Washington Bridge Bus Station Development Venture LLC reported an $807,063 net loss for December on $435,544 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, George Washington Bridge posted a $1.08 million net loss for November on $426,057 in net revenue.

The company had $156,129 in unrestricted cash and equivalents as of Dec. 31, down from $433,599 at the end of November.

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


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