A federal appeals court has denied a request to rehear a bankruptcy case from Civic Partners, the company that helped build the Promenade Theater building in Sioux City.
The request stems from a March court ruling in which the justices of the 8th U.S. Circuit Court of Appeals dismissed a bankruptcy appeal by Civic Partners, saying it wasn't within it's jurisdiction.
Civic Partners asked that the court rehear it's arguments, either as a full court, or as a panel.
The court denied both requests.
In 2003, Civic Partners received a 5-point-6 million dollar bank loan to build the Promenade complex and retail space.
Ten years later, a judge denied a Chapter 11 bankruptcy protection plan filed by the company.
That same year, Sioux City leaders voted to pay 300-thousand dollars a year through 20-18 to settle a promissory note it guaranteed for Civic Partners.
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