Judge approves sale of Statler Towers

BUFFALO, N.Y. (WIVB) - A judge approved the sale of the Statler Towers Wednesday.

Creditors forced British owner Bashar Issa into an involuntary bankruptcy proceeding.

Word of a possible new owner is welcome news to current tenants like Park Lane Catering.

"It will help our client out a great deal because we will finally get what the Park Lane has been asking for, for months, which is a new responsible owner to take over control of the Statler and to complete the renovations and redevelopment effort," said David Pfalzgraf, Attorney for Park Lane.

Bashar Issa is thousands of dollars behind in utility payments.

The bankruptcy trustee has drafted a timetable that would close the Statler deal by the end of July.