With The Lake District no longer in the hands of developer Yehuda Netanel, Lakeland officials are waiting for the next move by the lender that bought the property.

Michael Walker, Lakeland city manager, said development in the suburb has not only helped enhance the city but also provided a successful revenue stream.

“Taxes stink, but they are necessary to accomplish our goals as a city,” Lakeland Mayor Josh Roman said after the meeting.

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.

Bands by the Square, blues by the lake and orchestras in at a winery: Two different concert series kick off in Shelby County suburbs, and a “Night of Enchantment” will unfold in Lakeland.

Developer Yehuda Netanel has fallen short in his attempt to obtain the necessary financing to save his The Lake District project in Lakeland.

While increased interest rates and rising cost of materials have slowed the housing market, things could improve by the end of this year or the first of 2025.

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.