Lycoming College is trying to prevent a bank from garnishing more than $726,000, most of which is owed to subcontractors for a baseball field project.

Pine Ridge Construction Management, a real estate development firm, is in default on a $10 million asset-based loan it obtained in 2021 from Woodlands Bank and guaranteed by two company principals, Jerry Lariviere and Craig Miller, according to a report on PennLive.com.

The maturity date of the loan was nearly a year ago, but the bank in a county court filing argues Pine Ridge has not paid any interest since July 24, 2023.

Last Dec. 23, Woodlands filed a judgment against Pine Ridge for $11,221,007, which totals the outstanding balance, accrued interest, late charges and attorneys’ commission. The bank has taken garnishment action against a number of enterprises, including Lycoming College. PennLive reports the college is involved because it retained Pine Ridge to manage the construction of its baseball field in Williamsport’s Brandon Park.

Lycoming College owes Pine Ridge about $726,000 — of which about $662,000 is due to subcontractors. At a hearing last week, college officials offered to terminate its contract with Pine Ridge, not pay it anything and pay the subcontractors directly but the bank rejected the offer, PennLive reports.

Lycoming College also signed a letter of intent in 2021 with Pine Ridge for the development of a $20 million mixed-use facility on Basin Street between East Third and Fourth streets — for which work remains in limbo. The city was awarded a $1 million state Redevelopment Assistance Capital Program grant for the project, PennLive noted. The money would not have been available until the work was completed.