Lakeland approves mixed-use commercial project along U.S. 70
The Heathfield project received its latest approval during a Lakeland Board of Commissioners meeting this week as development along U.S. 70 steadily continues.
The Heathfield project received its latest approval during a Lakeland Board of Commissioners meeting this week as development along U.S. 70 steadily continues.
The Lake District financing again appears to be in limbo as deadline passes, but foreclosure delayed.
Scott Hauss, a graduate of the University of Memphis, spent more than three decades in senior management in the banking industry and has been involved with ECS for more than 20 years, including serving as a member of the ECS Board of Trustees for 14 years.
The Lake District gets another breath of possible salvation as developer Yehuda Netanel presents his latest plan to take care of bills.
The idea for the Lakeland Meadows “Safety TIF” is to put four roundabouts on U.S. 70 in hopes of curbing fatal accidents on the busy four-lane road.
Despite a ruling against a reorganization earlier this year, Yehuda Netanel continues to try and salvage The Lake District from bankruptcy.
Lakeland Commissioner Wesley Wright points out that there has been a precipitous drop in crime in the city since the Econo Lodge was demolished last year.
Yehuda Netanel, the developer of The Lake District, is still trying to pull together enough funds to keep his project alive despite a ruling against his bankruptcy-reorganization plan.
With the eventual removal of two rundown motels on the Lakeland landscape, the suburb wants more control over the design of commercial lodging in the future.
The Lakeland Municipal Planning and Design Review Commission recommended approval for the Heathfield mixed-use planned development outline plan at the future northwest corner of Seed Tick Road and U.S. 70.
Starting in August, the district will serve kindergarten through 11th grade, as Lakeland Preparatory School continues to add a grade to its high school classes each year.
The Lake District property will be sold at auction at noon on April 30 at the Shelby County Courthouse.
“Basically, every teacher would move up the equivalent of four steps in one year,” Lakeland School System Superintendent Ted Horrell said at a budget work session for the coming fiscal year.
Removing developer Yehuda Netanel from The Lake District project east of Canada Road seems headed to its conclusion.
Leaders of the Memphis suburb intend to avoid a property tax increase for the coming fiscal year that begins in July.
Lakeland officials say the necessity of finishing a road could help ease traffic in some nearby neighborhoods.
Rising construction costs have the town’s Board of Commissioners looking at phasing in work for the New Canada Road.
“We’re excited for this next chapter in the development of the Lakeland Gateway,” City Manager Michael Walker said. The motel will be the second Lakeland has torn down in less than six months.
“I do worry about the amount of growth that is coming,” said Kimley-Horn engineer Doug Swett, citing the impact of Ford’s BlueOval City.
A bankruptcy judge’s denial of a reorganization plan for The Lake District casts another level of doubt that the developer — Yehuda Netanel — can resurrect his vision for the Lakeland project.
The long-discussed Equestria development in Lakeland gets a slim approval, while the suburb continues discussions with the Shelby County Sheriff’s Office for an office there.
The bankruptcy hearing regarding The Lake District exposed some of the financial problems that continue to plague the mixed-use development in Lakeland.
Testimony in the bankruptcy hearing related to The Lake District ended Wednesday with witnesses for the lender raising doubts of whether developer Yehuda Netanel can make his plan work.
Testimony continued for a second day in U.S. Bankruptcy Court for the financially strapped The Lake District mixed-use development in Lakeland.
The bankruptcy case involving The Lake District mixed-use development in Lakeland began Monday with developer Yehuda Netanel among those taking the stand to defend his financial status.