Kensington Stables bankruptcy prompts community support
Prospect Park's only horse stable is facing closure, but some passionate community members are hoping it will be around for generations to come.
Kensington Stables has been around since 1930, and now that it's in jeopardy of being auctioned off in a bankruptcy sale, supporters are saddling up to preserve it.
City Councilman Brad Lander says he will push to deny any requests to rezone the property, hoping that the new purchaser will keep the stable.
Walker Blankinship runs the stable with his family and says they are about $1 million in debt. He says he hopes the next buyer has the community in mind.
According to a sale ad, the starting bidding price for the stables is $2 million.
The auction for the sale of the property was postponed from this week until further notice.