Excerpt:

Westland DevCo, a limited partnership between D.E. Shaw and SunCal Companies to develop a 55,000-acre parcel of land into a master-planned community west of Albuquerque, filed for Chapter 11 bankruptcy protection Monday to restructure its debt.

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The bankruptcy filing lists creditors with unsecured claims including law firms Jones Day in New York and Modrall Sperling Roehl in Albuquerque, accountant firm Deloitte & Touche, and architectural, landscaping, lobbying and public relations firms. The partnership has continued spending to preserve and enhance the value of the development, including payment of about $217,000 in real estate taxes; $134,000 on water and renewable energy development; and $110,000 on a long-range development plan, according to Westland's statement. It has also explored funding and permitting for a 247-acre solar farm and broadband services.