Huntington Beach City Councilman Keith Bohr, who for months was tangled up with financial difficulties, including a bankruptcy, a lawsuit by a lender and an attempted foreclosure on his house, seems to be getting his finances in order, according to interviews and a review of court records.
"Things are turning around," Bohr said.
A settlement was reached between Bohr and Los Angeles-based Cathay Bank, a lender that gave Bohr and his partner, Jeff Bergsma, $8 million to build 26 condominiums and six commercial units at the historic La Salle Hotel in San Pedro.
When the project tanked due to the bad economy, the partners couldn't make their payments. Bohr and Bergsma, who ran Team Cos., filed Chapter 7 bankruptcy and dissolved the company last year.