Metro Parks takes action in Asarco bankruptcy case Tacoma Weekly 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 ... See all stories on this topic |
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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."