City to put default carwash on auction block
BINGHAMTON, NY — The city is putting Bubbles Professional Car Care on the auction block here to settle an outstanding loan, YourNewsNow reported.
The Feb. 1 story stated that the owners of the carwash defaulted on a $100,000 loan from the Binghamton Local Development Corporation (BLDC).
The BLDC held a meeting to authorize the auction of the property, which has been in default since November 2010, the story noted.
The auction is scheduled for later this week, according to the story.