Creditor Owed $30 Million Presses Forward with Foreclosure Action against Hu Honua

posted in: December 2014 | 0

Over the last year, Hu Honua Bioenergy, LLC, builder of the proposed biomass-fueled, 28-megawatt power plant on the Big Island coast a few miles north of Hilo, has faced multiple applications for mechanic’s and materialman’s liens filed by contractors and subcontractors. Now Hawaiian Dredging Construction Company, Inc., the largest of the lienholders, has brought a foreclosure action against the plant’s owners in an effort to force payment of bills in excess of $30 million.

Attorneys for Hawaiian Dredging, the former general contractor on the site, filed the foreclosure suit on October 27 in 3rd Circuit . . .

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