Accrued Liquidation Costs

9 Months Ended

Mar. 31, 2021

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 March 31, 2021, with comparative information as of June 30, 2020 ($ in thousands):

	March 31, 2021			June 30, 2020
Development costs:
Construction costs	$	31,515		$	67,204
Construction warranty		2,870			2,870
Indirect costs		774			1,407
Bond refunds		(1,355	)		(1,562	)
Total development costs		33,804			69,919
Holding costs:
Property tax		1,842			5,918
Insurance		1,523			2,125
Maintenance, utilities and other		817			1,518
Total holding costs		4,182			9,561
General and administrative costs:
Legal and other professional fees		10,786			17,588
Payroll and payroll-related		9,364			13,425
State, local and other taxes		2,014			1,725
Board fees and expenses		1,138			2,118
Marketing		666			765
Other		1,374			2,350
Total general and administrative costs		25,342			37,971
Total accrued liquidation costs	$	63,328		$	117,451