Bailey: Things looking bleak for The Lake District as financial woes mount
Testimony from lenders in bankruptcy court — and the city of Lakeland for that matter — painted a bleak picture that Yehuda Netanel can resurrect his plans for The Lake District from the debt he faces. (The Daily Memphian file)
Clay Bailey
Clay Bailey, a lifelong Memphian, has worked as a reporter in the city four decades. He concentrated on suburban coverage for the bulk of his career, except for a stint as sports editor of The Daily Memphian when it launched in September 2018. He now is suburban editor and also serves as a freelance sports writer for The Associated Press.
The bankruptcy hearing regarding The Lake District exposed some of the financial problems that continue to plague the mixed-use development in Lakeland.
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