OTHER NEWS - Aug. 15, 1995
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Rockefeller Center Owner Warns of Possible Bankruptcy: New York-based Rockefeller Center Properties Inc., which holds the $1.3-billion mortgage on the bankrupt Manhattan landmark, warned for the first time publicly that it itself may have to seek Chapter 11 protection unless an affiliate of Goldman, Sachs & Co. waives its right to all or a portion of a $33.7-million payment due Sept. 1, or unless the affiliate waives other provisions of the loan. The Goldman Sachs affiliate holds $225 million of Rockefeller debt. Goldman Sachs officials declined to comment. The company has a total of about $782 million in debt.
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