Receivership Order For Future Legends Project

A Weld District Court judge put the Future Legends structures under receivership this week, after Future Legends and owner Jeff Katofsky failed to pay six notes that now total more than $45 million. According to the Greeley Tribune, Future Legends, originally billed as a sports entertainment venue, has been under intense scrutiny for the last year as liens, lawsuits and unpaid bills have continued to pile up. Weld District Court Judge Shannon Lyons signed an order Tuesday appointing Cordes and Co. in Denver as a receiver on the property to take over all aspects to ensure that the property is safe and pays its bills.

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