Bank wants to sell Corpus Christi Schlitterbahn quicklyBank wants to sell Corpus Christi Schlitterbahn quicklyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=200902018-05-16T05:00:00Z2018-05-16T22:00:00Z

​​CORPUS CHRISTI – IBC Bank took over ownership of the Schlitterbahn Riverpark & Resort on North Padre Island at a foreclosure auction early May 2018 after a bankruptcy trustee failed to find another buyer.

The bank bid $20 million of the roughly $32 million it is owed by the previous owner of the park, resort and surrounding land.

As the park’s largest secured creditor, the bank made a “credit bid” against the debt on the property instead of putting up cash.

IBC Bank CEO Dennis Nixon said the bank wants to quickly find a new owner.
Corpus Christi
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