POLK COUNTY, Iowa– The ill-fated Ignit Johnston sports complex project is entering Chapter 11 bankruptcy, adding another development to the troubled history of the long-delayed project.
Ignit Johnston, LLC announced it voluntarily filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Iowa.
The filing comes after months of lawsuits and controversy regarding the project, which was spearheaded by brothers Chad and Brian O’Meara.
In its announcement, an attorney for the company said the bankruptcy process will allow it to address outstanding obligations, work with creditors and evaluate options for the project’s future…