News > Local News > Menominee Nation Arena Owner Files For Chapter 11 Bankruptcy

Menominee Nation Arena Owner Files For Chapter 11 Bankruptcy

It was a move that surprised almost no one, as the  owner of Menominee Nation Arena in Oshkosh filed for Chapter
11 bankruptcy protection Monday afternoon.
Fox
Valley Pro Basketball, Inc. made the filing in the Eastern District of Wisconsin Bankruptcy Court,
just before the company was due in Winnebago
County
court Monday
afternoon for being more than a year behind on the arena’s mortgage. General Contractor
Bayland Buildings filed a Foreclosure complaint against Fox Valley Pro
Basketball. They say the company owes $13 million on the mortgage and no
regularly-scheduled payment has been made since May 2018. The bankruptcy filing
lists estimated assets between $10 million and $50 million, and estimated
liabilities also between $10 million and $50 million. The motion Monday does
allow Fox Valley Pro Basketball and its president, Greg Pierce, to continue to
oversee day-to-day operations at the arena.