đź’¸ NJ event venue goes bankrupt
đź’¸ Weddings, parties, tenants all left in lurch
đź’¸ Owners had years of financial struggles
PATERSON — A popular event venue just steps from a national park has been shut down due to bankruptcy, leaving clients with weddings planned as soon as this weekend in the lurch.
Art Factory Studios, which is part of Great Falls Industrial Park, first filed for bankruptcy in August, Paterson Press previously reported, citing court records.
A bankruptcy judge has now ordered owner David Garsia to pay roughly $10 million to his lender, 100 Mile REIT Inc., which is headed by investor Billy Procida.​…