The Lake District developer files motion on bankruptcy
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.
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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.
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.
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.
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.
The Lake District property will be sold at auction at noon on April 30 at the Shelby County Courthouse.
Lakeland officials say the necessity of finishing a road could help ease traffic in some nearby neighborhoods.
“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 mayors of Arlington, Bartlett and Lakeland anticipate maintaining growth as a priority for 2024, especially with the proximity of BlueOval City.
The Lake District continues to suffer financial problems, according to a report to the Lakeland Board of Commissioners.
Lakeland officials have begun the 30-month process to prohibit short-term rentals in the suburb.
From the overall look of Canada Road near the Interstate 40 exit to positioning Lakeland for growth in conjunction with Ford’s BlueOval City, Mayor Josh Roman is moving quickly to improve the suburb.
Complaints about short-term rentals in residential neighborhoods have led Lakeland officials to consider shutting down the rental operations over the next 2 1/2 years.
Lakeland officials continue to work on redesigning the area around Interstate 40 and Canada Road and have voted to condemn the motel north of the interchange.
The Orpheum Theatre Group is scouting possible locations for a 1,000-seat Halloran Center For Performing Arts & Education that would serve northeast Shelby County.
A key piece of property in the redevelopment of the Lakeland Gateway area is one step closer to belonging to the city.
The hard-hit suburbs of Northeast Shelby County are still dealing with power outages, downed trees and congested intersections as a result of last weekend’s storm.
Retail is growing in Lakeland as the suburb looks to improve its image and benefit from the strong business climate.
Lakeland officials approved the budget for the coming year, which will be funded by a 15-cent property tax increase.
Purchase of the Relax Inn and an adjoining site are next in Lakeland’s effort to re-invent the north side of the Canada Road-Interstate 40 interchange.
Residents could face a 15-cent property tax increase with the revenue covering the cost of a new YMCA and purchasing properties north of the Interstate 40 interchange.
Negotiations have broken down for Lakeland to purchase a hotel site near Interstate 40, and the suburb will go through condemnation procedures with a YMCA on the horizon.
With Lakeland being on the route between Memphis and BlueOval City, the suburb and MATA are discussing a possible partnership to extend transportation.
The YMCA is in discussions with the City of Lakeland to bring a new community center to the northeast Shelby County suburb.
At least seven contractors and subcontractors who have worked in The Lake District have filed liens against Netanel and his companies.