![]() ![]() ![]() ![]() Treasury Department, conservatorship is "the legal process in which a person or entity is appointed to establish control and oversight of a Company to put it in a sound and solvent condition. Reached Friday morning by phone, co-owner Chip Harrup - who purchased the plaza in 2017 for $2.3 million - declined to comment.Ī conservatorship does not make the township the owner of the property.Īccording to the U.S. We feel there is no other means at this point other than that." "We have tried to work privately with the ownership that is there. "I think everybody in Lawrence County, and Shenango Township particularly, can say they are at their wits' end with Lawrence Village Plaza and the condition it is in," Supervisor Brandon Rishel said prior to the vote. The move would allow the township to assume management and marketing capabilities that the supervisors say the plaza owners themselves have failed to aggressively pursue. The supervisors on Thursday night voted unanimously to petition the courts to grant them conservatorship of the property. Six decades later, Shenango Township supervisors believe the shopping center has crashed and burned, and that it is up to them to make it take flight once more. 14-Lawrence Village Plaza was built on the site of a former airfield. ![]()
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