City of River Falls ordered to pay $260,000 on hotel loan that went bad | Pierce County Herald
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City of River Falls ordered to pay $260,000 on hotel loan that went bad

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A judge has ordered River Falls to pay $263,337 to a bank as a result of a mistake involving a downtown developer who left behind a stack of unpaid bills.

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Buffalo/ Pepin County Judge James Duvall signed a judgment ordering the city to pay the money to Timberwood Bank, Tomah, because checks sent to Martinsen Investment & Land Company Inc., Ashland, should have been made jointly payable to Martinsen and the bank. Martinsen eventually defaulted on its loan with the bank.

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Judy Wiff
Judy Wiff has been regional editor for RiverTown’s Wisconsin newspapers since 1996. She holds a bachelor’s degree in journalism and sociology from UW-River Falls. She has worked as a reporter for several weekly newspapers in Wisconsin.
(715) 426-1049
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