Luzy Ostreicher filed for Chapter 11 bankruptcy protection for an apartment complex the day before breaking ground for a $500 million project on the former Central High School site.

Incline Village developer Luzy Ostreicher waits to shovel dirt at the groundbreaking for a 70-unit condominium building in Duluth on Tuesday, Dec. 10, 2024. The building is expected to be the first of several in a $500 million investment that's been touted as a new neighborhood in the central part of the city. (Jana Hollingsworth/The Minnesota Star Tribune)