Bankruptcy Filing Halts Dickinson Avenue Facelift Project

1 min read
Source: WITN
Bankruptcy Filing Halts Dickinson Avenue Facelift Project
Photo: WITN
TL;DR Summary

Contractor JSmith Civil, LLC has filed for Chapter 11 bankruptcy, citing debts between $10 million and $50 million. The company was responsible for a $15.7 million project to upgrade a section of Dickinson Avenue in Greenville, North Carolina. Construction began a year ago but came to a halt in April, leading the Department of Transportation to declare the company in default of its contract. The DOT is now working with a bonding company to find a new contractor to complete the project, which has been a focus of revitalization efforts for the past decade. The bankruptcy's impact on the project's completion timeline is yet to be determined.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

75%

431107 words

Want the full story? Read the original article

Read on WITN