A Breakdown of the Archway's Debt - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

A Breakdown of the Archway's Debt

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The "Great Platte River Road Archway" has filed for chapter 11 bankruptcy after years of struggling to get visitors through the door.

According to bankruptcy documents, the Archway refinanced a $60 million debt down to $22 million, which is due to be paid this year.

In addition to that debt, bond–holders are owed another $20 million, and several local vendors are owed a total of over $120,000 as well.

Some of the notable local businesses owed money include:

  • $10,796 owed to Stagecoach Gifts in Kearney,
  • $9,209 owed to Yanda's Pro Audio of Kearney,
  • $5,530 owed to Warren–T Drain Cleaners and Plumbers of Kearney,
  • $2,201 owed to Gary Ginther Studios of Cambridge, and
  • $1,927 owed to Benjamin's Landscaping of Holdrege.
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