Save Casa Bonita drops objection of restaurant’s sale to South Park creators
Save Casa Bonita, a group of local fans of the landmark Lakewood eatery, has withdrawn its objection of the sale of the restaurant to the creators of “South Park.”
A notice of “withdrawal of objection” to the sale was filed Tuesday in U.S. Bankruptcy Court District of Colorado.
“Save Casa Bonita, LLC (“Save Casa”), by and through unsigned counsel, hereby files its Notice of Withdrawal (“Withdrawal”) of the Objection to the Debtor’s Motion to sell substantially all of its assets,” the Tuesday filing said.
In August, Colorado natives Trey Parker and Matt Stone announced that one of their companies reached an agreement with the restaurant’s owner, Summit Family Restaurants, to pay $3.1 million to make Casa Bonita’s creditors whole and purchase operating assets. Summit had filed for bankruptcy on April 6 in Arizona.
On Oct. 18, Save Casa Bonita filed a legal motion objecting to the sale, arguing that its purchase offer of $3.5 million was $400,000 higher than what the South Park team had offered, among other claims.
An evidentiary hearing was scheduled on Wednesday, but it has been vacated “due to the settlement and Withdrawal,” according to Tuesday’s filing.
“After fully assessing the parties’ positions and facts of this case, and upon the agreement of the parties, Save Casa hereby withdraws the Objection to the Motion. Pursuant to an agreement of the parties, the Buyer and the Debtor do not object to this Withdrawal.”
Andrew Novick, a principal of Save Casa Bonita, withheld comment Tuesday.
“I’m not a liberty to talk about it at this point,” Novick said. “Some things are pending, we will hopefully know more next week.”