Accrued Liquidation Costs

6 Months Ended

Dec. 31, 2020

Accrued Liquidation Costs [Abstract]

Accrued Liquidation Costs

6) Accrued Liquidation Costs

The following is a summary of the items included in accrued liquidation costs as of December 31, 2020, with comparative information as of June 30, 2020 ($ in thousands):

	December 31, 2020			June 30, 2020
Development costs:
Construction costs	$	39,173		$	67,204
Construction warranty		2,870			2,870
Indirect costs		1,160			1,407
Bond refunds		(1,446	)		(1,562	)
Total development costs		41,757			69,919
Holding costs:
Property tax		2,492			5,918
Insurance		1,611			2,125
Maintenance, utilities and other		969			1,518
Total holding costs		5,072			9,561
General and administrative costs:
Legal and other professional fees		13,174			17,588
Payroll and payroll related		10,389			13,425
State, local and other taxes		2,186			1,725
Board fees and expenses		1,345			2,118
Marketing		717			765
Other		2,058			2,350
Total general and administrative costs		29,869			37,971
Total accrued liquidation costs	$	76,698		$	117,451