Lakeland juggling multiple projects that could change suburb’s landscape
Lakeland Mayor Josh Roman was the guest speaker at the Lakeland Area Chamber of Commerce luncheon Sept. 25. (Mark Weber/The Daily Memphian)
With three tax-increment-financing districts in play and a fourth in the works, Lakeland’s Industrial Development Board is keeping busy these days with projects that could change the suburb’s landscape.
On Thursday, Sept. 26, the IDB addressed issues related to its three active TIF districts. One project discussed — spurred by former city Commissioner Richard Gonzales — was a status report on The Lake District, the ill-fated development on the east side of Canada Road south of Interstate 40.
The Lake District has been stalled for a year and a half after a bankruptcy and subsequent foreclosure sale. The lender TIG Romspen acquired the property in a foreclosure sale in May.
Topics
Lakeland Industrial Development Board The Lake District tax increment financing Mayor Josh Roman Subscriber OnlyThank you for supporting local journalism.
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Michael Waddell
Michael Waddell is a native Memphian with more than 20 years of professional writing and editorial experience, working most recently with The Daily News and High Ground News.
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