85°F
weather icon Partly Cloudy

Agreements made to purchase some Haggen stores; fate of BC location unclear

The future of the Boulder City Haggen store remains uncertain after the Pacific Northwest-based grocer released an ambiguous statement.

Haggen announced on Monday that it has “filed motions with and is seeking the approval of the bankruptcy court to establish procedures of ongoing sales.”

What’s not established, however, is what will happen to Haggen’s Boulder City location.

Of the 127 stores going out of business, 36 in California and Nevada have received bids from “stalking horse” bidders, or investors who make agreements with the bankrupt company on a fixed price that will set the bidding bar.

Of the seven Nevada stores, only Summerlin’s location is being bid on.

Haggen is seeking a court hearing for Oct. 19 to hear the company’s proposed global bid procedures. The deadline for submission of bids to purchase some or all of the assets would be on Nov. 2, with an auction scheduled one week later on Nov. 9.

If that goes through, the hearing to consider the auction’s results would be held Nov. 24.

Haggen previously announced it requested to begin going out of business and to exit operations in the Pacific Southwest during the last weeks of November. Until an official 60-day notice is handed out, condemned locations will remain open.

Haggen has also filed two separate asset purchase agreement motions for its stalking horse bidding packages. Gelson’s Markets signed an agreement for eight stores in California, while Smart & Final LLC signed for 27 stores in California and Nevada’s Summerlin location.

If no buyer comes forth between now and then, Boulder City’s location will be abandoned.

The company has arranged for Sagent Advisors to accept bids for the stores and begin selling off assets.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Historical funds OK’d for tavern despite alterations to site

A local builder’s application for almost $100,000 in historic preservation grant funds was approved despite previously being denied and opposed by a current city leader.

City to update golf cart fleet

Boulder Creek Golf Club is getting a fleet of golf carts for about $200,000 less than originally budgeted thanks to a new five-year lease-purchase agreement.

9/11 Memory: Firefighters’ sacrifices unite nation

Sept. 11, 2001, has had a profound impact on first responders from around the country and I believe it affects each person uniquely. For me it was initially anger toward the people that had done this and a deep sadness for the huge loss of life that would surely come from the attack.

Principals unsure how vaccine mandate will affect staff

Local principals are unsure how the recently approved COVID-19 vaccine mandate for all school district employees will affect them and their schools.

Event to recall events of 9/11, honor first responders

Saturday the brave souls who lost their lives in the Sept. 11 terrorist attacks 20 years ago will be remembered during a special event in Bicentennial Park.

Grant to fund purchase of breathing gear

Boulder City Fire Department has received more help in serving the community through a grant from the federal government.

9/11 Memory: Americans united to help each other cope

I never turn the television on in the morning, but on Sept. 11, I got up, had a cup of coffee and turned it on. At the time I was working at Vons and on City Council.