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Stay on sheriff's sale for Vacation Charters

Published August 11. 2012 09:01AM

A stay has been put on the scheduled sheriff's sale of a landmark vacation resort in Kidder Township.

The sale was scheduled yesterday in the Carbon County Courthouse Annex for property owned by Vacation Charters Ltd., which owns the Galleria, H2ooooh water park, and a ski area.

The stay was imposed at the request of Gregory L. Taddonio on behalf of TD Bank of Wilmington, Delaware, which is owed more than $21 million by Vacation Charters.

Taddonio, in his request to Carbon County Sheriff Dwight Nothstein, asked that the sheriff's sale be postponed.

He also requested that the sale "be re-noticed and advertised for the new date."

No new date has been announced.

The sale originally had been scheduled for April, then was postponed until June, and fiinally until yesterday's date.

Although it was TD Bank which originally initiated the sheriff's sale, court records show another major judgement against Vacation Charters. Textron Financial Corporation of Providence, R.I. claims Vacation Charters owes it $6.1 million.

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