PORT LUDLOW — The filing for reorganization under Chapter 11 of the bankruptcy code by Port Ludlow Associates LLC’s parent company, HCV Pacific Partners, won’t effect the resort community, a company official said Thursday.
“The actions taken by HCV will not have any impact on the assets or operations in Port Ludlow,” Greg McCarry, Port Ludlow Associates president, said.
“Port Ludlow Associates is a completely independent entity.”
HCV, a San Francisco property management firm, formed Port Ludlow Associates in 2000.
The spin-off company was created to buy Port Ludlow from timber company Pope Resources LP.
Now there is no connection between Port Ludlow Associates and HCV, McCarry said.
Concerns remain in the community, however.
The Port Ludlow Village Council will discuss the issue at its March 4 meeting at 9:30 a.m. at the Beach Club, 121 Marine Drive, group President Carol Saber said.
