Bailey: Time to turn over The Lake District to someone else
The latest financial troubles for The Lake District would seem to push out developer Yehuda Netanel as Lakeland officials hope to salvage some aspects of the mixed-use project.
There are 4 article(s) tagged foreclosures:
The latest financial troubles for The Lake District would seem to push out developer Yehuda Netanel as Lakeland officials hope to salvage some aspects of the mixed-use project.
The Lake District financing again appears to be in limbo as deadline passes, but foreclosure delayed.
Wells Fargo offered the only bid — $43 million — to take ownership of the landmark building in East Memphis.
Lenders have foreclosed on Clark Tower, saying the owner defaulted on a $60.75 million loan. But the building owner claims the lender is reneging on a refinancing agreement and filed suit in August.
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