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IN RE OLDE PRAIRIE BLOCK OWNER, LLC

No. 10 B 22668.

467 B.R. 165 (2012)

In re OLDE PRAIRIE BLOCK OWNER, LLC, Debtor.

United States Bankruptcy Court, N.D. Illinois, Eastern Division.

March 14, 2012.

Attorney(s) appearing for the Case

David R Doyle , George R Mesires , Patrick F Ross , Richard Henry Tilghman, IV , Ungaretti & Harris LLP, Chicago, IL, Joanne H Yi , John E Gierum , William J Mantas , Gierum & Mantas, Rosemont, IL, John Ruskusky , Michael K Desmond , Figliulo & Silverman PC, Chicago, IL, Neil E Holmen , Walker Wilcox Matousek LLP, Chicago, IL, for Debtor.

Patrick S Layng , Office of the U.S. Trustee, Region 11, Chicago, IL, U.S. Trustee.

Matthew T. Gensburg , Greenberg Taurig LLP, Chicago, IL, David A. Newby , Coman & Anderson, P.C., Lisle, IL, Michael K Desmond, Figliulo & Silverman PC, Chicago, IL, Bradley A. Smith , Neal & Leroy LLC, Chicago, IL, Frank R. Martin , Righeimer, Martin & Cinquino, Chicago, IL, George R Mesires , Ungaretti & Harris LLP, Chicago, IL, for Interested Parties.

Spec. Counsel: Wildman, Harrold, Allen & Dixon LLP.

MEMORANDUM OPINION ON CENTERPOINT PROPERTIES MOTION TO MODIFY THE STAY OR IN THE ALTERNATIVE TO DISMISS

JACK B. SCHMETTERER, Bankruptcy Judge.

Nineteen months after filing its voluntary petition for relief under Chapter 11 of the Bankruptcy Code, Olde Prairie Block Owner, LLC ("Debtor") has submitted its Fourth Amended Plan of Reorganization (Dkt. 1161) to seek confirmation. Its secured creditor, CenterPoint Properties Trust ("CenterPoint"), moved...

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