| Metro Parks takes action in Asarco bankruptcy case |
By Dawn Quinn The Metro Parks Board of Commissioners voted on a reorganization plan for retrieving funds owed to them by the now bankrupt ASARCO mining and ...
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"In the mid-‘90s, Metro Parks Tacoma (MPT) and ASARCO had come to an agreement on public improvements to be made to Metro Parks property and the two organizations signed legal documents affirming these agreements. In 2005, ASARCO filed for bankruptcy, and agreed to pay $5 million to MPT to make improvements last year. MPT has yet to receive any of these funds as of today."