PNC Bank files complaint against Ice Zone

BOARDMAN — PNC Bank filed a civil foreclosure complaint against Ice Zone Ltd. and its operators, according to the filing obtained by The Vindicator’s broadcast partner, 21 WFMJ-TV.

The complaint, filed today in U.S. District Court for the Northern District of Ohio, reports nearly $1.8 million is owed on the ice rink and part-time practice facility for the Youngstown Phantoms hockey team at its 360 McClurg Road location as well as additional vacant land adjacent to that site.

The Ice Zone property, under Ice Zone Realty Ltd., is valued at about $1.8 million, and the vacant land, under the Zoldan Hutch Land Partnership, is valued at $196,080, according to the Mahoning County auditor’s website.

The complaint claims Bruce Zoldan of Canfield and his business partner, Thomas Hutch of Poland, who own the Ice Zone, are in default on the balance of a $2,826,475 promissory note.

The bank says it is owed $1,793,815 in principal and accrued interest and late

charges.

Zoldan, president and chief executive officer of the B.J. Alan Co., known for its Phantom Fireworks, and co-owner of the Phantoms, was cautious on commenting on the recent filing, but did say, “I am still hoping that the Ice Zone continues for many years.”

For the complete story, read Wednesday's Vindicator and Vindy.com