Munford
Politics
The Lake District may still face auction despite reaching deal to settle debts. Here's why
The Lake District mixed-use development in Lakeland could still be put up for auction. In an email to The Commercial Appeal, Lakeland Mayor Josh Roman said The Lake District's developer, Yehuda Netanel, was given a two-week extension to secure funding to pay off his outstanding debt. Roman said from his understanding Netanel is hoping for a refinancing closing on May 13. ...
Graceland Solar project in Millington receives go ahead despite no vote from Commission
The Graceland Solar Project, previously voted down by the Shelby County Board of Commissioners, will go ahead after Shelby County settled with the project's parent company RWE Clean Energy LLC and Graceland Solar out of court, according to a document obtained by The Commercial Appeal. The settlement is separate from the Commission vote and was not brought on by the body. ...
Buc-ee’s coming to I-40 exit in West Tennessee
MEMPHIS, Tenn. — Buc-ee’s, a popular chain of roadside rest stops famous for its Beaver Nuggets and clean restrooms, is coming to West Tennessee. State Sen. Page Walley, who represents Fayette and several other nearby counties, posted the news on his official Facebook page Wednesday with the caption, “BUC-EE’S WELCOME TO FAYETTE COUNTY!!! Another great […]
The Lake District developer reaches deal on settling debts for Lakeland development
The Lake District mixed-used development in Lakeland has avoided being put up for auction. On Tuesday, U.S. Bankruptcy Judge Jennie Latta granted a motion to allow Yehuda Netanel developer of The Lake District, LLC to borrow roughly $62.9 million from New York-based lender Vision Global Capital Resource Inc. to pay off outstanding debt owed to lender TIG Romspen US Master Mortgage LP. Romspen had a claim against Netanel in the amount of $56 million, according to court documents.
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