Bankruptcy Judge Magdeline D. Coleman approved the liquidation plan of the partnership behind the failed Foxwoods Casino project in South Philadelphia, Philly.com reported yesterday. The Foxwoods group, formally known and Philadelphia Entertainment & Development Partners L.P., has huge debts, including $55 million or more owed to RBS Citizens for a loan on land that has since been sold. Additional unsecured debt amounts to nearly $24 million. The only significant asset Foxwoods has is a claim — the subject of a related lawsuit — that Pennsylvania should return the $50 million license fee it paid in 2007.
