Bank Forecloses on State Office Buildings

Dec 16, 2011

State government will be paying rent to U.S. Bank this year after the bank foreclosed on three office buildings in Frankfort. The buildings, near Buffalo Trace distillery, house offices for state agencies, including the Department of Revenue, Division of Air Quality, Division of Water and Department of Public Advocacy. The bank took action against the buildings’ Floirida-based owners in 2010 after the companies defaulted on a $31 million loan from 2005 to buy the office buildings.