Chapter 15 - The Civil DealBriarwood and Kendrick Family Holdings eventually reached a property settlement.

The school exercised its contractual purchase pathway.
Price:
$4.05 million.
Independent valuation supported it.
Debt was paid from proceeds.
After taxes, costs, and loan payoff, Ms. Kendrick received far less than she expected.
Enough to avoid personal bankruptcy.
Not enough to preserve her previous financial position.
Briarwood also recovered the unsupported maintenance reimbursements through offsets and settlement.
No windfall.
No revenge.
The school got the property at fair value.
Kendrick lost the inflated profit she had tried to manufacture.
The property question was resolved.
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No more major financial secrets were needed.
From here, the story became accountability.
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