Southeastern Massachusetts Mobile Newsroom
Financial Trouble For Regency Apartments
Tonight, more fall out surrounding the regency apartment tower in new bedford.
Money problems.
Managers now say the regency is some 20-million dollars in debt.
Meaning it has no cash to fix the brick facade that's in danger of falling off. That repair would cost 7 million dollars.
Right now - city officials are reviewing if the building is safe to live in. Last week residents were forced out of their apartments, after officials warned them of the lose bricks.
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