After a testy hearing, a Los Angeles Superior Court authorized a new loan to stave off insolvency for the receiver overseeing the repair of 29 dilapidated buildings and approved the removal of seven buildings from the receivership.
The receiver he had appointed to bring 29 dilapidated buildings up to code wasAn attorney for the city, which had recommended receiver Mark Adams to the court, was sniping at Adams’ performance and indicated that it was speaking with possible replacements.
Beckloff repeatedly urged more than a dozen lawyers representing Adams, banks with loans on the properties, the city and Skid Row Housing Trust to stay focused on the purpose of the receivership. Over the course of a nearly two-hour hearing Thursday afternoon, Beckloff attempted to sort out what he characterized as a “mess” for which he could not see an immediate remedy.
Adams said his money problems were so urgent that the receivership could fall apart as early as Friday if the judge did not approve additional funding.
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