Lakeland officials hope for progress soon at The Lake District
Work on The Lake District near the Canada Road exit of Interstate 40 remains at a standstill two months after its foreclosure sale. (Brad Vest/Special to The Daily Memphian file)
Two months after the foreclosure sale of The Lake District mixed-use project in Lakeland, development work on the site near the Canada Road exit of Interstate 40 remains at a standstill.
There are some plans and consideration on what to do with the 160-acre development, but there also are some unfinished matters that have held up the work. Lakeland city officials, including City Manager Michael Walker, met in July with representatives from project owner TIG Romspen US Master Mortgage LP.
“They are still formulating their ultimate strategy with regard to the property and expressed an interest in either developing the property themselves and/or partnering with other developers for the future build out of the project,” Walker said.
Topics
Subscriber Only The Lake District TIG Rompsen U.S. Master Mortgage Yehuda Netanel City of LakelandThank you for supporting local journalism.
Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.
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.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.