After a company failed to pay property taxes on an air cargo transportation terminal and freight handling facility at Colorado Springs Airport, the tax lien was sold to a third party before the city discovered the problem and swooped in to capture the property.
Now, the city is suing MDC Colorado LLC, also called Midwest Builders MDC Colorado, alleging breach of contract and fraud in failing to disclose that it hadn’t paid the tax bill.
At issue is a lease that dates to 1998 between the airport and MDC, which constructed the cargo facility, located on airport land.
Read more: https://www.csindy.com/coloradosprings/airport-almost-loses-cargo-terminal/Content?oid=13324426
