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IN RE GRAND TRAVERSE DEVELOPMENT CO.

Bankruptcy Nos. ST92-83818-ST92-83820.

147 B.R. 418 (1992)

In re GRAND TRAVERSE DEVELOPMENT COMPANY LIMITED PARTNERSHIP, Grand Traverse Development Company, Inc., and Grand Traverse Condominium Developers, Inc., Debtors-in-Possession.

United States Bankruptcy Court, W.D. Michigan, N.D.

November 6, 1992.

Attorney(s) appearing for the Case

Schafer & Weiner, P.C. (Daniel J. Weiner, argued), Birmingham, Mich., for debtors Grand Traverse Development Co. Ltd. Partnership, Grand Traverse Development Co., Inc., and Grand Traverse Condominium Developers, Inc.

Clark, Klein & Beaumont (Michael S. Khoury, argued), Detroit, Mich., for Bd. of Trustees of Gen. Retirement System of City of Detroit and GRS Grand Hotel Corp.

MEMORANDUM OPINION REGARDING SHORTENING OF THE EXCLUSIVITY PERIOD

JO ANN C. STEVENSON, Bankruptcy Judge.

The Grand Traverse Resort is a resort complex in Traverse City owned and operated by three separate entities: Debtors Grand Traverse Development Company Limited Partnership, Grand Traverse Development Company, Inc., and Grand Traverse Condominium Developers, Inc. These Debtors will collectively be referred to simply as the "Resort." The Resort's principal...

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