Last Friday, Moreland’s Val Verde LLC defaulted on a $5.4 million construction loan against a 126-lot residential project on the south side of Hosking Avenue, east of South H Street. More than $3.1 million was in arrears as of Sept. 17, the default filing showed. The May 2007 loan was made by PFF Bank and Trust.
Last month, Moreland’s Monte Carlo LLC defaulted on a $15.4 million loan against northeast Bakersfield property near Highway 178 and Miramonte Drive.
In addition, liens and lawsuits from contractors and subcontractors have piled up against various projects in recent months, county filings show.
Workers: Supreme Bean closes, leaving them without paychecks :
Supreme Bean, a Bakersfield chain of drive-thru coffee stations acquired by a Texas company earlier this year, appears to have gone out of business.
It was unclear Monday whether the closure of the chain’s at least eight locations was permanent.
Employees were notified Saturday that they were not to return to work. When they asked how to obtain their final checks, one worker’s manager suggested she file for unemployment benefits.
Maybe Moreland and the owners of Supreme Bean can call up Bush/Paulson and see if they can get in on this bailout...free ponies for everyone.