Fifty-three properties in the Cold Creek Crossing development will go to sheriff's sale later this month.
If the properties sell, it could help the city recoup about $5 million it poured into the development for public improvements, as well as delinquent property taxes.
The developer, Joseph Yost III, went bankrupt after the west-side development failed to generate enough sales.
The properties will be sold as one package at 10 a.m. Dec. 21.
An appraiser valued the properties at a collective $2.18 million, but bidding will start at $1.45 million, Erie County Sheriff’s Capt. Steve Westcott said.
The sheriff’s sale is the product of a three-year foreclosure case where Sky Bank is the plaintiff and Cold Creek Development Company is the defendant.
For a brief history of the development click HERE.