A Sitka Sentinel article dated January 14, 2010 reports that Alaska Growth Capital has decided to hold off on foreclosure action for an additional year. Court documents state that SJ(C?) owes AGC at least $4.5 million plus 5% interest. A status hearing has been set for January of 2011.
AGC loaned SJ(C?) $4.7 million in June of 2006. SJ(C?) owes AGC $4.5 million now.
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