Saturday, June 20, 2009

Investments In Mt. Lebanon Retirement Community May Be Lost

Myron Cope spent most of the last two years of his life at Covenant at South Hills in Mt. Lebanon and, while he was happy with his apartment there, he worried about the retirement community's financial problems.

Now, the money the legendary Pittsburgh sports broadcaster invested there could be gone, said his daughter, Elizabeth. Cope, along with other residents, learned about Covenant's cash shortage long after he moved in, she said.

"He was mad, to say the least, but what could he do?" Elizabeth Cope said during a break in a U.S. Bankruptcy Court hearing Friday to decide issues on creditors' rights, the retirement home's continued operations and a pending sale to a family that owns a senior living complex in West Virginia. That sale could be decided July 28.

Link: www.pittsburghlive.com/x/pittsburghtrib/business/s_630335.html

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